S&P raises Indonesia’s rating to ‘BBB’ on strong economic prospects

(Reuters) – Ratings agency S&P said on Friday it had raised Indonesia’s sovereign credit rating to ‘BBB’, citing the country’s strong economic growth prospects and supportive policy dynamics. S&P had previously rated Indonesia at ‘BBB-‘, the lowest investable grade awarded by the agency. The upgrade put S&P on par with Continue Reading

Strong U.S. growth, weak inflation leave Fed stuck happily on hold

WASHINGTON (Reuters) – The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation. Officials have given no signal in recent weeks of any change to the U.S. central bank’s benchmark overnight lending rate, Continue Reading