(Bloomberg) Curran explains why Moody’s things India and Indonesia are among the riskiest when it comes to debt. Indonesian bond holders have had a rough ride this year. But the pain isn’t over yet, according to the world’s largest publicly traded hedge fund firm. Man GLG, a unit of Man Group Plc, predicts more losses for rupiah debt as risk appetite weakens and Bank Indonesia is forced to raise interest rates and defend the beleaguered currency.
Hedge Fund Giant Sees More Pain to Come for Indonesian Debt
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