HSBC: Indonesia can be investment-grade in year

HSBC Holdings PLC HBC +0.27 percent is “extremely” bullish on Indonesia and believes the country could be rated investment grade within the next 12 months, Chief Executive Stuart Gulliver said Sunday.

He said he was optimistic because of the low banking penetration in Southeast Asia’s biggest economy.

Gulliver was speaking at a news conference at the World Economic Forum on East Asia.-By Andreas Ismar

http://www.marketwatch.com/story/hsbc-indonesia-can-be-investment-grade-in-year-2011-06-12?reflink= MW_news_stmp

 

Category: Indonesia