Indonesia Credit Rating

This page includes the government debt credit rating and outlook of Indonesia as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor Indonesia’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.

DateRatingOutlookIndicator
17/04/2020BBBNegativeIndonesia Credit Rating (S&P)
10/02/2020Baa2StableIndonesia Credit Rating (Moody's)
24/01/2020BBBIndonesia Credit Rating (Fitch)
31/05/2019BBBStableIndonesia Credit Rating (S&P)
14/03/2019BBBIndonesia Credit Rating (Fitch)
02/09/2018BBBStableIndonesia Credit Rating (Fitch)
13/04/2018Baa2StableIndonesia Credit Rating (Moody's)
20/12/2017BBBStableIndonesia Credit Rating (Fitch)
19/07/2017BBB-PositiveIndonesia Credit Rating (Fitch)
19/05/2017BBB-StableIndonesia Credit Rating (S&P)

Indonesia Credit Rating Analysis

The credit rating signal from each credit rating agency for the sovereign debt of Indonesia and it’s meaning is presented in the table below.

S&PMoody’sFitchAnalysis
AAAAaaAAAPrime
AA+Aa1AA+High grade
AAAa2AA
AA-Aa3AA-
A+A1A+Upper medium grade
AA2A
A-A3A-
BBB+Baa1BBB+Lower medium grade
BBBBaa2BBB
BBB-Baa3BBB-
BB+Ba1BB+Non-investment grade
speculative
BBBa2BB
BB-Ba3BB-
B+B1B+Highly speculative
BB2B
B-B3B-
CCC+Caa1CCCExtremely speculative
CCCCaa2
CCC-Caa3In Default with small probability of recovery
CCCa
CC
D/DDDIn default

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