0317 GMT - S&P Global Ratings' affirmation of its investment-grade rating and stable outlook on Indonesia seems to be a relief for investors, says Macquarie Capital's Ari Jahja in a note. S&P believes that the recent deterioration in fiscal and external metrics is temporary, driven by factors including higher oil prices and rupiah weakness. The credit ratings firm's decision contrasts with a more cautious tone from its peers Moody's Ratings and Fitch Ratings, which have cut their outlook on Indonesia to negative from stable. S&P's decision implies confidence that Indonesia's current fiscal and external pressures are cyclical and manageable rather than signs of structural weakening.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 23:17 ET (03:17 GMT)
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