IDX Chief Affirms Indonesia's Strong Financial Market Fundamentals

Indonesia Stock Exchange (IDX) President Director Jeffrey Hendrik has affirmed that Indonesia’s economic and financial market fundamentals are strong. This follows S&P’s decision to maintain Indonesia’s sovereign debt rating at investment grade (BBB) with a stable outlook.

“The announcement from S&P came 15 minutes before the market closed on Monday (13/7/2026). At that time, the market was in the red. As soon as the S&P announcement was released, the market rebounded and closed up nearly 2%,” Jeffrey stated at the CNBC Indonesia Investment Forum 2026 in the IDX Main Hall on Wednesday (15/7/2026).

He also assessed that S&P’s decision helped reduce uncertainty, enabling investors to make better investment decisions.

“There has been a lot of uncertainty lately, both internal and external. As these are reduced one by one, it means investors can measure investment risks that previously had high systematic risk, so they can now be managed well,” Jeffrey explained.

Furthermore, Jeffrey believes that following S&P’s move, more good news will arrive and provide momentum for the Indonesian capital market’s benchmark index.

“I think (the announcement from S&P) is something positive and will continue. We hope other rating agencies and global index providers will follow suit,” Jeffrey concluded.