S&P Warns of Potential Downgrade in Indonesia's Debt Rating as IHSG Declines 1.5%

The Composite Stock Index (IHSG) weakened by up to 1.5% and dropped to the 8,093 level during the first trading session on Friday, 27 February 2026, as the Indonesian Rupiah depreciated to Rp 16,780 per US Dollar. The market movement reflects investor concerns following Standard & Poor’s warning regarding a potential downgrade of Indonesia’s sovereign debt rating. Analysis of Indonesian capital market movements has been provided by financial commentators examining the implications of the credit rating concerns for the broader economy and market sentiment.