JAKARTA - Moody's Investors Services maintains Indonesia's debt rating at Baa2 level with a stable outlook.

In its official report a few days ago, Moody's assessed that Indonesia's credit profile remains strong, supported by abundant natural resource reserves and strong demographics.

Nevertheless, Moody's said, it needs to be aware of the economic slowdown due to global dynamics such as tariff wars. In addition, Indonesia is also considered to face fiscal challenges, as the country's revenue base has not been optimised.

Minister of Finance, Sri Mulyani Indrawati, said the rating from Moody's reflects the government's hard work in maintaining economic stability. ‘The government will continue to be committed to strengthening Indonesia's economic foundation and ensuring inclusive and sustainable growth,’ Indrawati said.

Meanwhile, Chairman of the Board of Commissioners of the Financial Services Authority (OJK), Mahendra Siregar, hopes that the results of Moody's periodic reviews can increase investor optimism about Indonesia's economic prospects.

Going forward, said Mahendra, OJK will continue to support the strengthening of the domestic economy by implementing the 2025 priority programme.

‘Investor and market confidence is our main capital in moving forward,’ said Mahendra. (KR/LM)