April 13, 2018 / 12:43 AM / a year ago

Moody's upgrades Indonesia's sovereign rating to Baa2, changes outlook to stable

April 13 (Reuters) - Moody’s said on Friday it upgraded Indonesia’s sovereign credit rating to Baa2 from Baa3, citing effective policies in the Southeast Asian nation that were supportive of “macroeconomic stability.”.

The rating agency also changed the country’s outlook to stable from positive.

“The upgrade to Baa2 is underpinned by an increasingly credible and effective policy framework conducive to macroeconomic stability”, Moody’s said in a statement.

Reporting by Sangameswaran S in Bengaluru Editing by Shri Navaratnam

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