Global confidence in Indonesia’s economy remains strong, with the country’s financial sector stability continuing to gain recognition. This is reflected in Fitch Ratings’ latest assessment, where it reaffirmed Indonesia’s Sovereign Credit Rating at ‘BBB’ with a stable outlook. The decision signals that Indonesia’s economic fundamentals remain solid amid global uncertainties.
Chairman of the Financial Services Authority (OJK), Mahendra Siregar, highlighted that this Indonesia’s Sovereign Credit Rating underscores trust in Indonesia’s economic resilience, backed by credible policies and strong collaboration among key institutions.
“The reaffirmation of Indonesia’s credit rating reflects global confidence in the nation’s economic resilience and financial stability, supported by strong policy synergy between the government, OJK, and other stakeholders,” Mahendra stated in a written statement on Thursday (March 13).
OJK continues to play a crucial role in maintaining financial sector stability, which is essential for driving national economic growth. The agency has outlined four priority programs for 2025. These include strengthening the capacity and supervision of the financial services sector (SJK), maximizing its contribution to government initiatives, fostering inclusive and sustainable growth, and enhancing enforcement mechanisms for consumer protection and financial integrity.
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Mahendra stressed that collaboration remains key to financial stability. As a member of the Financial System Stability Committee (KSSK), OJK will reinforce its coordination with the government to ensure stability and align economic strategies with the Asta Cita program.
Fitch Ratings’ reaffirmation of Indonesia’s rating reflects its optimism about the country’s economic outlook. The agency remains confident in Indonesia’s growth trajectory, citing solid medium-term prospects and controlled fiscal policies.
According to Fitch’s projections, Indonesia’s economy is expected to grow by 5.0 percent in 2025. The expansion will be driven by strong domestic demand, government spending on social assistance and infrastructure, and steady private sector investment. The agency also noted that policy certainty following the 2024 elections, along with continued downstream industry development, will further support economic stability.
