Indonesia’s Rating Most at Risk in Southeast Asia Amid War, S&P Says

Sovereign ratings in Southeast Asia are expected to come under strain, with Indonesia’s particularly at risk in case of a prolonged Middle East conflict, S&P Global Ratings said.

“The credit quality of sovereigns with thinner rating cushions could slip in the scenario of a protracted energy market disruption. In Southeast Asia, we believe the sovereign ratings on Indonesia would be more vulnerable if the conflict drags on,” S&P said in a report on Tuesday.