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2026-07-14 11:20:12
[S&P maintains Indonesia's investment-grade rating and stable outlook, diverging from Moody's and Fitch's positions] (1) Macquarie Capital analyst Ari Jahja pointed out that S&P Global Ratings' affirmation of Indonesia's investment-grade rating and "stable" outlook has reassured investors. (2) S&P believes that the recent deterioration in fiscal and external indicators is temporary, mainly driven by cyclical factors such as rising oil prices and a weak Indonesian rupiah, rather than a structural weakening. (3) This decision stands in stark contrast to Moody's and Fitch's previous downgrades of Indonesia's outlook to "negative"; S&P's position indicates that it believes the current pressures are a manageable cyclical fluctuation, rather than a long-term deterioration.
