Indonesia's Minister Airlangga Responds to Moody's Rating Downgrade

Tempo02-06

TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto responded to Moody's downgrade of Indonesia's outlook from stable to negative. According to him, investment grade ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2609539548?lang=en_US&edition=fundamental","thumbnail":"https://statik.tempo.co/data/2026/01/30/id_1456237/1456237_720.jpg","is_english":true,"pubTime":"2026-02-06 08:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609539548","market":"fut","top_or_hot":-1,"title":"Indonesia's Minister Airlangga Responds to Moody's Rating Downgrade","media":"Tempo","content":"<div>\n<p>TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto responded to Moody's downgrade of Indonesia's outlook from stable to negative. According to him, investment grade ...</p>\n\n<a href=\"https://en.tempo.co/read/2085419/indonesias-minister-airlangga-responds-to-moodys-rating-downgrade\">Source Link</a>\n\n</div>\n","source":"tempo_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indonesia's Minister Airlangga Responds to Moody's Rating Downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndonesia's Minister Airlangga Responds to Moody's Rating Downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-06 08:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://en.tempo.co/read/2085419/indonesias-minister-airlangga-responds-to-moodys-rating-downgrade><strong>Tempo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto responded to Moody's downgrade of Indonesia's outlook from stable to negative. According to him, investment grade ...</p>\n\n<a href=\"https://en.tempo.co/read/2085419/indonesias-minister-airlangga-responds-to-moodys-rating-downgrade\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MBG.AU","symbol_name":"MB Gold Limited","start_time":0,"source_url":"https://en.tempo.co/read/2085419/indonesias-minister-airlangga-responds-to-moodys-rating-downgrade","article_id":"2609539548","we_media_id":null,"thumbnails":["https://statik.tempo.co/data/2026/01/30/id_1456237/1456237_720.jpg"],"rights":{"source":"tempo_highlight","url":"https://en.tempo.co/read/2085419/indonesias-minister-airlangga-responds-to-moodys-rating-downgrade","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2609539548","pubTimestamp":1770339265,"columns":[],"sourceInfo":{"source_id":"tempo_highlight","name":"Tempo"},"weMediaInfo":null,"summary":"TEMPO.CO, Jakarta- Coordinating Minister for Economic Affairs Airlangga Hartartoresponded to Moody's downgrade of Indonesia's outlook from stable to negative. According to him, investment grade remained at Baa2, indicating investment worthiness.Moody's underscored Indonesia's fiscal spending in its report. Airlangga admitted the country's state budget this year is quite different. \"We have allocated a lot from the state budget for the president's flagship programs including free nutritious meals, Red and White Village Cooperatives, and public services,\" Airlangga said in his address at the Annual Meeting of the Financial Services Industry at Hotel Bidakara, Jakarta on Thursday, February 5, 2026.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"MBG.AU":"MB Gold Limited","MBG":"SPDR Bloomberg Barclays Mortgage Backed Bond ETF"},"translate_title":"印尼部长艾尔朗加回应穆迪评级下调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBG.AU":1,"MBG":1},"content_text":"TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto responded to Moody's downgrade of Indonesia's outlook from stable to negative. According to him, investment grade remained at Baa2, indicating investment worthiness.Moody's underscored Indonesia's fiscal spending in its report. Airlangga admitted the country's state budget this year is quite different. \"We have allocated a lot from the state budget for the president's flagship programs including free nutritious meals, Red and White Village Cooperatives, and public services,\" Airlangga said in his address at the Annual Meeting of the Financial Services Industry at Hotel Bidakara, Jakarta on Thursday, February 5, 2026.\nAnother point that Moody's highlighted is the establishment of the sovereign wealth fund Danantara. Airlangga explained that while investments were previously supported by state-owned enterprises or the state budget, they are now funded by Danantara.\n\n\n\n\n\n\n\n\n\nAccording to Airlangga, many rating agencies fail to acknowledge this. \"So we have to explain because with Danantara, we are actually unlocking and reforming state-owned enterprises that they always requested to be separated and move like the private sector,\" Airlangga said.The international credit rating agency Moody's downgraded the rating outlook for the government debt from stable to negative on February 5, 2026. According to their official statement, Moody's stated that this change in outlook is driven by policy uncertainty that risks disrupting effectiveness and signaling weakened governance.Moody's also highlighted the fiscal deficit amid increased spending and a weaker revenue base. The pressure increases due to the expansion of social programs, including the Free Nutritious Meal (MBG) and public housing initiatives. These programs are funded through budget cuts and priority adjustments in various ministries, including infrastructure maintenance budgets.\"Further expansion may strain the government's abilityto reorient a relatively small budget compared to the size of the economy,\" as quoted from Moody's written statement on Thursday, February 5, 2025.In addition, Moody's also highlighted the establishment of Danantara, deemed worsening uncertainty in financing, policymaking, and investment priorities.Ilona Estherina contributed to the writing of this articleRead: Moody's Cuts Indonesia's Outlook from Stable to NegativeClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2609539548","isCrawlerRequest":true}