S&P Warns on Indonesia Export Controls
S&P Global Ratings said Indonesia's plan to centrally control commodity shipments could damage exports, reduce government revenues and negatively impact the nation's balance of payments. The agency cited these factors as creating greater downside uncertainty to its ratings on Indonesia. The warning signals potential economic headwinds from the commodity control initiative.
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S&P Global Ratings said on Thursday that Indonesia's plan to control commodity shipments centrally could hurt its exports, squeeze government revenues and impact the country's balance of payments. The agency said these factors create greater downside uncertainty to its ratings on Indonesia.
