The August 2023 edition of the PEFINDO Newsletter presents articles regarding Examines The Opportunities and Risks of a Downgrade of The United States Sovereign. In addition, it also reviews Petrochemical Industry Outlook. Form bond market, How Does The Private Sector Behave in Borrowing When The Rupiah Appreciates and Depreciates?. At the end, it also conveys the progress of the company and debt securities rated by PEFINDO as of the end of July 2023