Coordinating Ministry for Economy on S&P Global Ratings Report

Indonesia's economic standing has been reaffirmed by Standard & Poor's Global Ratings, which maintained the country's BBB investment-grade rating with a stable outlook. The assessment highlights Indonesia's economic resilience amidst global economic uncertainties and its well-managed fiscal prospects.

Ferry Irawan, Deputy for Coordination of State-Owned Enterprise Development at the Coordinating Ministry for Economic Affairs, stated that the S&P rating confirms Indonesia remains in the "investment grade" category. He noted that this stable outlook is supported by the nation's economic resilience and its sustained fiscal outlook, as detailed in S&P's report. This recognition is not isolated, as Moody's and Fitch have also maintained Indonesia's credit ratings.

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So, with the S&P rating from yesterday, Indonesia is still in the investment-appropriate or investment grade category.

According to Irawan, the consistent ratings from these international agencies reflect a strong belief in Indonesia's economic fundamentals, which remain robust despite global economic dynamics. International institutions like the International Monetary Fund (IMF) and the Asian Development Bank (ADB) also project positive growth for Indonesia, with the IMF forecasting 5 percent and the ADB predicting 5.2 percent for 2026. This contrasts with some regional countries experiencing downward revisions in their growth projections.

Irawan stressed the importance of maintaining this momentum through enhanced governance and consistent policies. He identified improved institutional effectiveness, transparency, policy certainty, and a stronger financial market infrastructure as key foundations for retaining investor confidence and driving sustainable economic growth.

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Thus, the S&P rating from yesterday, Indonesia is still in the investment-appropriate or investment grade category.