SE Asia Stocks-Indonesia bounces back on ratings upgrade; Philippines extends fall

By Nikhil Nainan
Dec 21 (Reuters) – Indonesian shares rose nearly 1 percent
on Thursday, bouncing back from a drop in the previous session,
after Fitch raised the country’s credit ratings by a notch to
their second lowest investment grade.
The ratings agency said the direction of macroeconomic and
monetary policies has made Southeast Asia’s largest economy
resilient to external shocks.
The Jakarta SE Composite Index was headed for a
seventh session of increases in eight with fina