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S&P raises Indonesia's rating to 'BBB' on strong economic prospects

May 31 (Reuters) - Ratings agency S&P said on Friday it had raised Indonesia's sovereign credit rating to 'BBB', citing the country's strong economic growth prospects and supportive policy dynamics.

S&P's previous sovereign rating for the country was 'BBB-'. It also raised its short-term sovereign credit rating to 'A-2' from 'A-3'. (http://bit.ly/2WcvKbb)

(Reporting by Philip George in Bengaluru; editing by Patrick Graham)

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