연구정보
The Impact of Indonesia Sovereign Credit Rating Upgrades and Investment Grade Status on the Sovereign Spread Changes
인도네시아 국외연구자료 기타 Dwi Anggi Novianti (Fiscal Policy Office, Ministry of Finance of the Republic of Indonesia) Universitas Indonesia 발간일 : 2016-09-28 등록일 : 2016-09-28 원문링크
Getting sovereign credit rating upgrades and achieving investment grade status are main goals for countries in order to gain lower yield spread and cost of borrowing. By using ordinary least square method, this research is aimed to analyze the impact of Indonesia sovereign credit rating up-grade and investment grade status on sovereign spread changes. The result shows that the sovereign credit rating upgrades within speculative grade category and investment grade status for Indonesia do not significantly impact sovereign spread reduction. On the other hand, the global condition, especially global risk appetite, has significant impact to Indonesia sovereign yield spread. The research also indicates that Indonesia macroeconomic fundamentals do not significantly explain the movement <br />of sovereign yield spread. <br /> <br />Keywords: Yield spread, sovereign credit rating, investment grade, Indonesia
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
