Amid the attention focused on the recent downgrade of China, it is easy to forget that Indonesia was upgraded the week beforehand, when Standard & Poor's became the third and last of the major agencies to rate the country as investment grade (BBB-).
Indonesia has rarely been a poster child on the global stage, but it has been within Asian investment circles. Its dogged focus on new infrastructure, real GDP growth of 5% year-on-year, subdued inflation,...
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