The decision keeps a stable view on Southeast Asia’s largest economy, diverging from more cautious assessments by some peer rating agencies.
S&P Global reaffirmed Indonesia’s investment-grade sovereign credit rating and kept its outlook at stable. The move signals continued confidence in Southeast Asia’s largest economy and stands out because it breaks with more cautious positions taken by some peers on Indonesia. Sovereign ratings help shape borrowing costs and investor perception, with a stable outlook indicating the agency does not currently expect a near-term change to the rating.