[JAKARTA] Indonesia's central bank has urged credit rating agency Standard & Poor's (S&P) to raise its rating for Indonesia's sovereign debt from junk bond status to reflect a number of recent reforms. S&P is the only one of the three major rating agencies to rate Indonesian sovereign debt so low. Speaking at an investment conference on late on Thursday Bank Indonesia's (BI) deputy governor Perry Warjiyo said S&P should now upgrade Indonesia's ratings given that all aspects of the economy have improved. "We already provided them all informations on our good progress and good outcome, which need to be rewarded with ratings," Mr Warjiyo said. Aside from the government's reform initiatives, Mr Warjiyo cited Indonesia's stronger external balances, fiscal management, and financial markets. Fitch Ratings upgraded Indonesian sovereign debt to investment grade in 2011 and Moody's Investor Services followed in 2012.