The July 2023 edition of the PEFINDO Newsletter presents articles regarding Observing Exchange Rate and Inflation Risks. In addition, it also reviews BPD’s Credit Trend Reflects Its Resilient Captive Business. Form bond market, The Volatility is Not Over, Attention is Being Focused on Corporate Debt in The U.S.. At the end, it also conveys the progress of the company and debt securities rated by PEFINDO as of the end of June 2023