Indian banks will continue to keep up at a steady pace with issuance of dollar-denominated bonds, especially with demand for such paper still there.
What we like about India's story is it's a bet on a rating upgrade into the investment grade universe. India is another economic giant which is emerging.
If Indonesia proceeds with reforms like they're doing right now, we still see a chance in the medium term that they belong to the double-B investment universe again.
The government is trying to proceed with structural reforms. The rating agencies have already reacted somewhat.
