JAKARTA | INDATANEWS.COM ~ The Otoritas Jasa Keuangan (OJK) responded to Fitch Ratings' decision to maintain Indonesia's sovereign credit rating at BBB, despite revising the outlook from "stable" to "negative." The financial regulator announced it would thoroughly review the reasons behind the revision.
Stable Financial Foundations Despite Negative OutlookFriderica Widyasari Dewi, Acting Chair of the OJK Board, emphasized that OJK continues to strengthen political coordination with the government and relevant authorities to ensure financial sector stability. "This allows economic growth to remain stable and resilient," she said on Thursday, March 5, 2026, in Jakarta.
She also highlighted that Indonesia's financial system is supported by a robust supervisory framework. "We are continuing structural reforms to increase transparency, deepen the capital market, and build long-term investor confidence," she explained.
Fitch Ratings clarified that the outlook revision reflects external risks and political dynamics but does not change the assessment of Indonesia's credit fundamentals or financial system stability. The BBB rating recognizes Indonesia's proven track record in maintaining macroeconomic stability, resilient growth, moderate government debt, and solid economic foundations.
Capital Adequacy and Risk Management Strengthen the SectorFriderica underlined that financial institutions' capital levels remain well above minimum requirements, liquidity is adequate, and risk profiles are prudently managed. Financial intermediation continues to grow in line with economic fundamentals, supporting funding for productive sectors and long-term development projects.
Capital Market Reforms Boost Investor ConfidenceOJK promotes structural reforms under the 2023–2027 Capital Market Roadmap, including enhanced ownership transparency, strengthened free-float rules, improved investor data classification, and consistent law enforcement to improve market governance.
Indonesia's relatively strong position compared to other countries signals market confidence in the government's capacity and institutional resilience. As a member of the Financial System Stability Committee (KSSK),
OJK works closely with the government and relevant authorities to ensure coordinated, credible implementation of policies.
The aim of this collaboration is to secure financial system stability and promote sustainable economic growth. Stable domestic demand, prudent policies, and an ongoing reform agenda form the foundation of Indonesia's economic stability and growth.
OJK stresses that credible reforms, strong supervision, and close political coordination will further strengthen the financial sector's resilience and enhance investor confidence.
(IDNC)REPORTER: Darmailawati