RRI.CO.ID, Jakarta – The Financial Services Authority (OJK) welcomes Standard & Poor’s (S&P) Global Ratings’ decision to maintain the Republic of Indonesia’s Sovereign Credit Rating at BBB with a Stable Outlook. OJK Board of Commissioners Chairperson, Friderica Widyasari Dewi, stated that this decision sends a positive signal regarding the resilience of Indonesia’s economic fundamentals and the stability of its financial system amid global dynamics.

“S&P’s decision to maintain Indonesia’s credit rating with a Stable Outlook indicates that Indonesia’s economic fundamentals remain sound amid global uncertainty. This assessment also serves as an incentive for us to continue strengthening the performance of the financial services sector and to pursue reforms that support national economic growth,” Friderica said, as quoted in a written press release on Tuesday, July 14, 2026.

In its report, S&P noted that Indonesia’s economic fundamentals remain supported by strong domestic demand, prudent fiscal policy, and a credible and flexible policy framework for maintaining macroeconomic stability.

In line with this, the OJK continues to implement various efforts to strengthen the financial services sector through enhanced risk-based integrated supervision, deepening financial markets, improving market integrity and governance, and accelerating digital transformation in accordance with the mandate of the Law on the Development and Strengthening of the Financial Sector (P2SK Law).

These efforts expand the financial sector’s capacity to mobilize long-term financing for the business sector and national development. This step also supports Indonesia’s strategic program agenda, including increasing investment, economic transformation, and strengthening national competitiveness.

Friderica added that the national financial services sector remains stable, supported by strong capitalization, adequate liquidity, a well-managed risk profile, and continuously evolving financial intermediation, thereby supporting the stability of the financial system and the financing of the economy.

As part of the Financial System Stability Committee (KSSK), the OJK will continue to strengthen its collaboration with the government, Bank Indonesia, and the Deposit Insurance Corporation (LPS) to maintain financial system stability and support Indonesia’s economic growth.