Standard & Poor's (S&P) Global Ratings has affirmed the Republic of Indonesia's sovereign credit rating at BBB with a Stable Outlook, a decision welcomed by Indonesia's Financial Services Authority (OJK), which said the assessment reflects the country's resilient economic fundamentals and financial system stability amid global uncertainty. (14/07)

OJK said the rating affirmation provides a positive signal that Indonesia has maintained its economic fundamentals and financial system stability despite global challenges.

S&P Highlights Indonesia's Economic Fundamentals

According to S&P's report, Indonesia's economic fundamentals continue to be supported by strong domestic demand, prudent fiscal policy, and a credible and flexible policy framework that helps maintain macroeconomic stability.

Chair of the OJK Board of Commissioners Friderica Widyasari Dewi said the rating affirmation encourages OJK to continue strengthening the financial services sector and pursuing reforms to support national economic growth.

"S&P's decision to maintain Indonesia's credit rating with a Stable Outlook shows that Indonesia's economic fundamentals remain resilient amid global uncertainty. This assessment also encourages us to continue strengthening the performance of the financial services sector and pursuing reforms to support national economic growth," Friderica said.

OJK Continues Financial Sector Reforms

OJK said it is continuing efforts to strengthen the financial services sector through integrated risk-based supervision, financial market deepening, improved market integrity and governance, and accelerated digital transformation in line with the Financial Sector Development and Strengthening Law (UU P2SK).

The authority said these measures expand the financial sector's capacity to mobilize long-term financing for businesses and national development while supporting Indonesia's strategic programs, including increased investment, economic transformation, and stronger national competitiveness.

Financial Sector Remains Stable

Friderica said Indonesia's financial services sector remains stable, supported by strong capital, adequate liquidity, well-managed risk profiles, and continued growth in financial intermediation.

As a member of the Financial System Stability Committee (KSSK), OJK said it will continue strengthening coordination with the Government, Bank Indonesia, and the Indonesia Deposit Insurance Corporation (LPS) to maintain financial system stability and support Indonesia's economic growth.

PHOTO: REUTERS/BRENDAN MCDERMID

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