Investor Presentaiton
Indonesia's Sovereign Credit Rating remain stable
BBB+ / Stable
JCR
July 2022,
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
accumulation of foreign exchange reserves.
JCR holds that the debt will gradually
decrease as the fiscal balance improves
mainly increased revenue from economic
growth and higher commodity prices.
BBB / Stable
Fitch Ratings
September 2023,
Rating Affirmed at BBB/Stable
a favorable
"Indonesia's rating balances
medium-term growth outlook and low
government debt/GDP ratio against weak
government revenue and lagging structural
features, such as governance indicators,
compared with 'BBB' category peers."
BBB / Stable
S&P Global
Ratings
July 2023, Rating Affirmed at BBB/Stable
"The stable rating outlook reflects our
expectation that Indonesia will achieve solid
economic growth over the next two years.
This will support prudent fiscal outcomes
and stabilize debt."
Baa2 / Stable
MOODY'S
March 2023,
Rating Affirmed at Baa2/Stable
"Indonesia's credit profile is supported by its
large economy, low fiscal deficits and
modest debt burden, balanced against low
revenue mobilization, reliance on external
funding and some economic concentration
that leaves the economy vulnerable to
commodity cycles."
BBB+ / Positive
R&I
July 2023, Outlook Revised To Positive;
BBB+ Ratings Affirmed
"In R&I view, Indonesia's economy
has been showing strong performance
even amid uncertainties of the global
the
economic environment. With
inflation rate that has fallen within
the target range in 2023, the price
stability is being restored. The
government has achieved its target
level of fiscal deficit a year earlier
than originally planned and the
government debt ratio stays on a
downward trajectory. The stability of
financial system has been maintained
and the economy has resilience to
external shocks".
Empowering Jakarta's Economy by Attracting More Global Investments to Strengthen Jakarta's Position as Global City
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