Moody’s warns Indonesia commodity export plan a risk for miners, may distort market
Aerial view of a tugboat pulling a barge filled with coal in the waters of South Kalimantan, Barito River. Stock image.
Moody’s Ratings said on Thursday that it views Indonesia’s centralization plan for commodity exports as credit negative for miners and the plan raises risks of market distortion.
It said the move could support foreign exchange inflows and the rupiah currency, but it may also weigh on investor sentiment on the broader policy environment.
(By Gayatri Suroyo and Ananda Teresia; Editing by Martin Petty)
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