Danantara Indonesia urges reform, policy consistency after Moody’s ‘warning shot’

Indonesia’s sovereign ‌wealth fund Danantara ‍said on Friday that the ⁠credit rating outlook downgrade by rating agency Moody’s highlighted ‍the need for institutional ‍reform and policy consistency. The ‌agency’s affirmation of Indonesia’s investment ‍grade reflected confidence in the country’s long-term ‌prospects, ⁠it said, adding that it would continue to operate professionally, accountably ‌and transparently as the country’s ‌sovereign fund. Indonesian stocks and currency traded weaker in...