Moody's May Cut Indonesia's Credit Rating if There Is No Tax Reform
Credit rating agency Moody's Investors Service said it could cut its rating for Indonesia if government revenue remains weak. Indonesia needs to push for structural tax reforms in order to boost tax revenue. Since 2012 Moody's has put Indonesia at Baa3 (investment grade), while in early 2017 Moody's upgraded its outlook for Indonesia from stable to positive.