India, Indonesia are among Asia's most debt-risky nations: Moody's

Moody's Investors Service's external vulnerability index puts Indonesia at 51 per cent and India at 74%

It’s no surprise that India and Indonesia are among the worst-hit Asian currencies this year when you look at their foreign debt exposure and the level of reserves they have to cover that.

Moody’s Investors Service’s external vulnerability index — which is the ratio of short-term debt, maturing long-term debt and non-resident deposits over one year calculated as a proportion of reserves —puts Indonesia at 51 per cent and India at 74 per cent.

Malaysia and the Philippines are the odd ones out: the ringgit has gained this year even though Malaysia is among the most debt risky in Asia,