News

Affirmed Indonesia's Investment Grade Rating, S&P Asserts the Resilience of Indonesia's Economy and Financial Sector
 

                                    SP 110/GKPB/OJK/VII/2025

PRESS RELEASE

AFFIRMED INDONESIA'S INVESTMENT GRADE RATING, S&P ASSERTS THE RESILIENCE OF INDONESIA'S ECONOMY AND FINANCIAL SECTOR

 

Jakarta, 30 July 2025. The Financial Services Authority (OJK) welcomes the affirmation of Indonesia's sovereign credit rating by Standard and Poor’s (S&P) Global Ratings at 'BBB' (long-term) and 'A-2' (short-term) with a stable outlook, signalling continued confidence in the country's strong fiscal anchor, resilient economic performance, and sound financial sector governance.

The affirmation indicates that, despite a more complex global landscape and the expansion of social programs, S&P expects Indonesia to maintain fiscal deficits below 3% of GDP over the medium term, while steadily advancing commodity-based industrial development and downstream activities consistent with its long-standing policy anchor, thereby contributing to stable external metrics. 

Chairman of the Board of Commissioners of the Indonesia Financial Services Authority (OJK), Mahendra Siregar, emphasized that the affirmation not only reflects Indonesia's macroeconomic fundamentals but also the resilience and increasing depth of its financial sector. 

"This rating outcome affirms the strength of our financial system and continued investor trust. OJK remains committed to maintaining financial system stability, while deepening financial markets and broadening financial inclusion. These structural reforms are essential to support stronger investment flows and long-term economic growth, and will further reinforce our credit profile in the future," said Mahendra.

To support financial market stability, OJK remains committed to its 2025 priority programs, which focus on ensuring a healthy, inclusive, and competitive financial services ecosystem to drive sustainable economic growth. 

Indonesia's market development agenda, including diversification of instruments, sustainable finance initiatives, and regulatory innovations, is expected to enhance the role of domestic financial markets in financing national development and attracting long-term investors.

With contained inflation, stable external metrics, and robust policy institutions, Indonesia continues to demonstrate its credibility as an investment-grade economy amid global headwinds.

In line with its efforts to deepen the financial market, OJK continues to implement measured policies in response to current market dynamics. "Investor and market trust are one of our most valuable assets as we move forward. OJK remains committed to safeguarding financial system stability while fostering investor trust and long-term market resilience," Mahendra stated.

As a member of the Financial System Stability Committee (KSSK), OJK will continue to strengthen policy coordination with the government to safeguard financial stability and drive economic growth in alignment with the Asta Cita development agenda. 

For access to the full report: https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3414303

Further information:

Acting. Head of Literacy, Financial Inclusion and Communication Department – ​​M. Ismail Riyadi

Tel. 021.29600000 Email: humas@ojk.go.id