Moody’s warns Indonesia commodity export plan a risk for miners, may distort market

Kitco Media
By Reuters
Published:
Updated:
Reuters
Moody’s warns Indonesia commodity export plan a risk for miners, may distort market teaser 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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