International Rating Agency S&P Affirms Indonesia's Credit Rating as Stable

RRI.CO.ID, Jakarta – Indonesia's Finance Minister, Purbaya Yudhi Sadewa, reported the latest news regarding Indonesia’s credit rating to the leaders and members of the House of Representatives. During the 25th Plenary Session of the Indonesian House of Representatives at the Parliament Complex in Senayan, Jakarta, on Tuesday, July 14, 2026, the Minister affirmed that the international rating agency Standard & Poor’s (S&P) has maintained Indonesia’s rating at a safe level.

He said, “We would also like to share the good news that, thanks to the strong support and cooperation between the government and the Indonesian House of Representatives, the rating agency S&P yesterday maintained the Republic of Indonesia’s credit rating at the BBB or A2 level with a stable outlook.”

Purbaya stated that this recognition from an independent international agency proves that Indonesia’s fiscal policies are viewed positively. It also dispels various negative sentiments and reports circulating since the beginning of the year regarding a potential credit rating downgrade or allegations of irregular budget management.

“The positive takeaway from this S&P statement or rating is that, from the beginning of the year until now, we have been constantly bombarded with negative news suggesting that our rating would be downgraded and that our budget would face brutal cuts,” Purbaya stated.

This achievement is partly due to a working visit by government representatives and members of the Indonesian House of Representatives to the United States last April to meet with investors and S&P. This initiative successfully fostered international confidence that the relationship between Indonesia’s parliament and government functions as a solid, unified entity dedicated to the people’s prosperity while adhering to applicable legal frameworks.

The minister explained, “A few months ago in April, we, along with members of the House of Representatives, met with investors and S&P to explain that Indonesia is different from other countries because the House of Representatives and the government work together as one.”

S&P has maintained Indonesia's sovereign credit rating at BBB for the long term and A-2 for the short term, with a stable outlook. These ratings reaffirm Indonesia's investment-grade status, which is driven by strong economic growth prospects.