After a year of surging valuations, Maria Merricks looks at whether there is still value in Indonesian shares.
In a year when downgrades and defaults plagued the developed nations of the West, 2011 saw one particular bright spot shine from South-East Asia. In December, for the first time in 14 years, Indonesia recovered its investment grade status from BB+ to BBB- thanks to an upgrade from ratings agency Fitch. The move from junk status puts the country in the esteemed company of fellow emerging markets Brazil, Russia, China and India. According to commentators, all three ratings agencies generally move together so investors can expect S&P and Moody’s to follow suit. The former currently has t...
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