Media reports Fitch cuts Indonesia’s rating outlook to negative

2026-03-04 - 06:14

Detik.com reported that Fitch Ratings kept Indonesia’s rating at BBB but revised the outlook amid policy concerns. (EPA Images pic) JAKARTA: Multiple Indonesian local media reported on Wednesday that Fitch Ratings has downgraded Indonesia’s sovereign credit rating outlook to negative from stable. Fitch did not immediately respond to Reuters calls and e-mails seeking confirmation. News websites Detik.com and KataData reported the outlook cut citing a draft statement by Fitch, while investigative news outlet Tempo published a report citing an official Fitch statement. Detik.com reported that Fitch maintained Indonesia’s rating at BBB, but revised the outlook due to increased policy uncertainty and concern over consistency and credibility of policy mix amid centralised policymaking. Rating agency Moody’s last month cut its outlook for Indonesia to negative, citing reduced predictability in policymaking. Indonesia’s finance ministry did not immediately respond to a request for comment on the reports.