Danantara at a Crossroads of Independence

JAKARTA. On 3 June 2026, Moody’s Ratings issued its first rating for Danantara Investment Management (DIM), the holding investment arm under Indonesia’s new sovereign wealth fund, Danantara. In its statement, Moody’s classified DIM as a Government Related Issuer (GRI) because it does not yet have an independent credit track record, meaning the rating was assigned based on DIM’s institutional relationship with the Government of Indonesia. Based on this assessment, Moody’s gave a Baa2 rating with a negative outlook. This assessment is aligned with the sovereign rating of the Government of Indonesia and its negative investment outlook. Moody’s assessed that DIM and Danantara have a very strong linkage with the government as its sole owner. This is supported by the expectation of timely government support commitments to DIM.