Why Invest in Jakarta?
JCR
BBB+Stable
December 2020, Rating
Affirmed at BBB+/Stable
"The ratings mainly reflect the
country's solid domestic
demand-led economic growth
potential, restrained public
debt, and resilience to external
shocks supported by flexible
exchange rate and monetary
policies and accumulation of
foreign exchange reserves.
Additionally, the government
has been maintaining the
momentum of economic
structural reforms even amid
the pandemic, as evidenced
by the enactment of the
"Omnibus Law on Job
Creation".
Fitch Ratings
BBB / Stable
August 2020, Rating Affirmed at
BBB/Stable
The affirmation of the rating is
underpinned by a favourable
medium-term growth outlook and a
low government debt burden
compared with "BBB" category
peers.
S&P Global
Ratings
BBB Negative
April 2020, Rating Affirmed at BBB,
Outlook Revised from Stable to
Negative
"The affirmation reflects Indonesia's
stable institutional settings, strong
growth prospects, and historically
prudent fiscal policy settings. The
outlook
negative
reflects S&P
expectation that Indonesia faces
additional fiscal and external risks
related to the COVID-19 pandemic
in the next 24 months."
MOODY'S
Baa2/Stable
Feb 2020, Rating Affirmed at Baa2/Stable
"The affirmation of the ratings is underpinned
by a number of credit strengths including
Indonesia's robust and stable growth rates and
a low government debt burden, preserved by
consistent fiscal discipline and emphasis on
macroeconomic stability - as well as persistent
credit challenges."
R&I
BBB+ / Stable
March 2020, Rating Upgraded at BBB+/Stable
"The upgrade reflects the firm implementation
of policies to strengthen economic growth
potential on the back of a solidified political
foundation. As the global spread of the novel
coronavirus could strain growth in the
Indonesia economy, the government and the
central bank are working to shore up the
economy and maintain macroeconomic
stability. Given the country's underlying
economic strength which remains intact, R&I
expects the economy to start to recover if the
epidemic is brought under control"
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