Overheating likely if Indonesia goes investment-grade

Author: | Published: 25 Nov 2010

Overheating in Indonesia’s markets is likely if the country receives the much-anticipated investment-grade debt rating next year.

Speaking at IFLR’s Indonesia Forum, Ali Budiardjo Nugroho Reksodiputro foreign counsel, Oene J Marseille said the country’s very liquid stock exchange made overheating easy to foresee, especially if it were to receive an investment-grade debt rating. This would encourage large institutions and pension funds to...