Worst Indonesian Credit Volatility in Years Imperils Debt Boom

Rupiah corporate bond volatility has hit a four-year high, threatening record issuance by Indonesian companies. The article says policy swings have damaged international investor confidence in Indonesian assets, raising funding and market-access risks. The impact is likely meaningful for Indonesian credit and broader emerging-market flows, though not a global market shock.

Analysis

Rupiah corporate bond volatility has hit a four-year high, threatening record issuance by Indonesian companies. The article says policy swings have damaged international investor confidence in Indonesian assets, raising funding and market-access risks. The impact is likely meaningful for Indonesian credit and broader emerging-market flows, though not a global market shock.