Indonesia's Financial Services Authority published a statement responding to Fitch Ratings’ decision to affirm Indonesia’s sovereign rating at BBB while revising the outlook from Stable to Negative. The authority said it is assessing the outlook revision and reiterated that the financial system remains resilient, supported by a strong supervisory framework and ongoing policy coordination with the government and other relevant authorities. Fitch’s outlook change was characterised as reflecting evolving external and policy risks rather than a direct reassessment of Indonesia’s credit fundamentals or the resilience of the national financial system, while the rating affirmation was linked to macroeconomic stability, resilient growth prospects, moderate government debt and generally strong fundamentals. The authority pointed to financial sector indicators it described as strong, including capital levels well above minimum requirements, adequate liquidity, prudent risk management and continued growth in intermediation. It also highlighted ongoing Capital Market Roadmap 2023–2027 reforms, including enhanced ownership transparency, stronger free float provisions, improved investor data classification and firm law enforcement to strengthen market governance and integrity, alongside continued work within the Financial System Stability Committee to maintain policy alignment and credibility while supporting sustainable growth.

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