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Government of Indonesia –Baa2 stable

Moody’s regards Indonesia’s credit strength as being supported by its large economic size, low fiscal deficits and modest debt burden. Credit challenges include weak revenue mobilization and reliance on external funding. While higher commodity prices have supported fiscal revenue, income from natural resources may ease as prices decline in the coming years. As a palm oil and coal exporter, Indonesia is also moderately exposed to carbon transition risks.

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