Fitch Lowers Indonesia's Credit Outlook to Negative as OJK Assures Financial Sector Remains Solid

JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) is taking note of Fitch Ratings’ decision to downgrade Indonesia’s credit outlook to negative from stable. Fitch has kept the sovereign rating at BBB.

Acting Chair of the OJK Board of Commissioners Friderica Widyasari Dewi said the agency is studying the revised outlook and the considerations underlying it.

‘OJK is taking note of Fitch Ratings’ decision,’ said Friderica, who is popularly known as Kiki, on Thursday (5 March 2026).

The maintained BBB rating recognises macroeconomic stability. The assessment is supported by resilient growth prospects, a moderate government debt ratio, and strong macro fundamentals.

OJK, together with the government and relevant authorities, will strengthen policy coordination to keep the financial sector conducive. OJK also notes that Indonesia’s position is relatively better than a number of peer countries.

‘The Indonesian financial system is also supported by a strong supervisory framework, and we will continue with structural reforms to improve transparency, deepen the capital market, and strengthen long-term investor confidence,’ she said.

Reforms under the Capital Market Roadmap 2023 to 2027 continue. The agenda includes increasing ownership transparency, strengthening free float requirements, refining investor data classifications, and enforcement.

As a member of the Financial System Stability Committee, OJK states it will continue to work together to maintain financial system stability and support sustainable growth.

‘Credible reforms, strong supervision, and close policy coordination will further strengthen the resilience of the financial services sector and enhance investor confidence,’ she added.