Moody’s dan S&P Peringatkan Risiko Skema Ekspor Satu Pintu Indonesia

Jakarta — Moody’s Ratings and S&P Global Ratings have warned of potential risks from the Indonesian government’s plan to centralise the export of strategic commodities through a single-window scheme. The policy is seen as potentially affecting investment, commodity trade, and Indonesia’s credit rating prospects. The government had previously announced the establishment of PT Danantara Sumber Daya Indonesia (DSI), a government-owned entity under the Danantara Investment Management Agency (BPI Danantara), which will oversee centrally managed trade of strategic commodity exports. The initial commodities covered include coal, crude palm oil (CPO), and ferroalloys. Moody’s assesses that centralising commodity exports could negatively affect the credit profile of companies in the sector, especially mining. In a statement on Thursday (21 May 2026), Moody’s said the policy could increase market-distortion risks and affect investors’ perception of Indonesia’s economic policy direction. The scheme could help strengthen foreign exchange inflows and support the rupiah’s exchange rate. However, the benefits must be balanced with risk mitigation for the investment climate. “Moody’s regards Indonesia’s plan to centralise commodity exports as negative for mining firms’ credit and increasing market-distortion risks,” the agency wrote. Meanwhile, S&P Global Ratings highlighted broader impacts on the national economy. The agency warned that centralised export controls could reduce commodity trade volumes, depress government revenue, and affect the balance of payments. According to S&P, these factors could heighten uncertainty about Indonesia’s credit rating prospects. “Indonesia’s plan to control commodity shipments centrally could dampen exports, reduce government revenue, and affect the balance of payments,” wrote S&P. S&P also assessed that tighter export controls could hinder trade in several of Indonesia’s key commodities, particularly coal, CPO, nickel, and ferro alloys.