Post Tagged with: "Indonesia"
[Premium] Growth momentum shift to Emerging Markets continues
Two weeks ago I highlighted the fact that Indonesia has re-attained an investment grade rating, continuing the upward path it has been on since the Asian crisis derailed the Asian growth story 15 years ago. Indeed, we should expect emerging markets, and Asian emerging markets in particular to outperform developed economies
Full text: Indonesia regains investment grade from second ratings agency
Just as Europe and the US are suffering massive downgrades, other countries are seeing their risk profiles improve. Indonesia is a perfect example
Indonesia Rating Upgrade Highlights Positive Backdrop For Currency
S&P upgraded Indonesia’s rating by one notch to BB+, just one notch shy of investment grade. The move puts it on par with the other two agencies, and we think investment grade will be given by at least one of the big three agencies this year. Indeed, the agencies are really behind the curve as our own sovereign ratings model has Indonesia at BBB+/Baa1/BBB+ compared to actual ratings of BB+/Ba1/BB+. Last year, Japan Credit Rating Agency raised Indonesia’s foreign currency debt rating to investment grade BBB-. While JCRA moves usually don’t garner much attention, we think it was important given rising Japan investor interest in Indonesia.
Asia Economic and Currency Snapshot For Feb 2011
By Win Thin and his Emerging Markets Strategy Team at Brown Brothers Harriman India: Economic and Currency Snapshot Macroeconomic Update: GDP rose 8.9% y/y in both Q2 and Q3, and is expected to grow about 9% in 2010 and 8.5% in 2011. Industrial production grew by only 2.7% y/y in November vs. 11.3% y/y in
Indonesia on Food inflation: Let them eat garden food
We know that the Chinese have turned to price controls to stop the rise in food price inflation. Everywhere in the emerging markets, where incomes are lower than in the developed world, the rise in commodity prices is putting huge strains on budgets. Some are talking about social unrest, as we saw in 2008, even
Asian Policy-Makers Face Dilemma Of Too Many Targets
by Win Thin Bank Indonesia kept rates steady at 6.5%, as expected. However, we disagree with its dovish stance. Inflation pressures are rising, and tightening should have begun in 2010. Headline inflation was 7.0% y/y in December, the highest since April 2009 and well above the 5% +/- 1 percentage point target band for both