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2026-07-13 18:50:10
[Indonesia's Ministry of Economy Responds to S&P's Rating Confirmation, Says International Trust Demonstrates Policy Continuity] ⑴ The Indonesian Ministry of Economy issued a statement on Monday regarding S&P's maintenance of the country's sovereign credit rating, stating that the rating decision reflects the international community's high level of trust in the government's policy direction. ⑵ The statement pointed out that S&P's affirmation of the rating is a clear recognition of the consistency and credibility of Indonesia's economic policies, reflecting the government's commitment to macro-management and structural reforms. ⑶ The Ministry of Economy stated that the government will continue to strengthen the quality and predictability of policy implementation as a core foundation for maintaining market confidence and attracting long-term investment. ⑷ This statement follows the release of an S&P report, which noted that Indonesia's current fiscal and external situation is temporarily weak due to factors such as energy prices and currency depreciation, but the situation should gradually improve with rising commodity prices and maintained fiscal discipline. ⑸ The market will focus on the pace of subsequent policy implementation and whether the centralized management reform of the resource sector can effectively translate into fiscal revenue and export boosts to support further improvement in the rating outlook.
