Jakarta, Oct. 16 -- Deputy Coordinating Minister for Economic Affairs Drajad Hari Wibowo has urged investors not to panic over Morgan Stanley Capital International (MSCI)'s announcement regarding a proposed downgrade of Indonesia's stock market classification.

He encouraged investors to conduct their own analysis before making investment decisions in the Indonesian stock market.

"One thing I want to tell domestic investors is to do your own calculations. MSCI has a strong reputation, and we need to pay attention to what it says. But I want to make one point: MSCI is not always right," Wibowo said in Jakarta on Friday.

He said MSCI's reputation as a global index provider should be taken seriously. However, its recommendations do not alw...