S&P and Fitch's Warnings to Purbaya on Debt Interest Ratio to APBN Revenue

Bisnis.com, JAKARTA — The Indonesian government’s fiscal management has come under the spotlight from various credit rating agencies. Amid the risks of ongoing geopolitical turmoil from wars, there is a common thread in the warnings from credit rating agencies, namely the ratio of government debt interest to state revenues. The latest credit rating agency to issue a review on the government’s debt rating is S&P Global Ratings. Unlike Fitch and Moody’s, the New York, United States-based agency has maintained Indonesia’s debt outlook at a stable level (Stable).