RRI.CO.ID, Jakarta - Standard & Poor’s (S&P) Global Ratings has reaffirmed Indonesia’s sovereign credit rating at BBB with a stable outlook, a move seen as bolstering investor confidence in the country’s economic fundamentals and supporting investment momentum and financial market stability amid global uncertainty.

S&P Global Ratings, a leading US-based credit rating agency, evaluates the creditworthiness of corporate and government borrowers. It assigns letter-based ratings, ranging from AAA to D, to debt issuers and securities, helping investors measure risk and make informed decisions.

Finance Minister Purbaya Yudhi Sadewa said the affirmation shows that the international rating agency continues to trust Indonesia’s economic policy direction.

“The positive takeaway from this S&P rating is that since the beginning of the year we have been bombarded with negative news, such as speculation about a downgrade or concerns over budget execution. This created the impression that our debt rating would be cut, not just the outlook. S&P’s decision proves those concerns unfounded,” Minister Purbaya said during a House of Representatives plenary session in Jakarta on Tuesday, July 14, 2026, as quoted by Antara.

Minister Purbaya added that the result reflects confidence in the government’s prudent fiscal management and stems from ongoing communication with the House, investors, and S&P during a visit to the United States last April.

At that meeting, the government explained the continuity of economic policy and the synergy between the executive and legislature in maintaining fiscal stability.

Minister Purbaya hopes that the decision will serve as momentum to boost optimism among market players, investors, and the public. “Going forward, with this news, we can be more confident in conveying positive sentiment to the public, the capital market, and others, including the rupiah,” he said.

Financial Services Authority (OJK) Chair Friderica Widyasari Dewi said the affirmation is a positive signal that Indonesia’s economic fundamentals and financial system stability remain intact amid global dynamics.

According to her, S&P’s assessment reflects strong domestic demand, prudent fiscal policy, and a credible, flexible policy framework for maintaining macroeconomic stability.

She added that OJK will continue to strengthen the financial services sector through risk-based supervision, financial market deepening, improved governance, and accelerated digital transformation, as mandated by the Financial Sector Development and Strengthening Law (UU P2SK).

These measures are expected to expand long-term financing capacity for businesses, encourage investment, enhance national competitiveness, and maintain financial system stability by fostering synergy among the government, Bank Indonesia, and the Deposit Insurance Corporation (LPS). ***