R&I Maintains Indonesia Debt Rating at BBB Plus Stable

Rating and Investment Information (R&I), an international credit rating agency, confirmed on 24 October 2025 that Indonesia’s sovereign credit rating remains at BBB Plus with a stable outlook. The rating reflects the country’s long‑term creditworthiness in global markets.

R&I’s assessment highlighted Indonesia’s strong economic fundamentals, including a productive demographic profile, abundant natural resources, and continued growth in the manufacturing sector. It also noted low inflation, a government debt‑to‑GDP ratio that stays modest, and prudent fiscal and monetary policies. However, the agency urged the government to deepen its growth‑policy analysis to balance expansion with medium‑term fiscal health.

The rating supports investor confidence and signals that Indonesia can maintain borrowing costs at manageable levels. The government has pledged to keep the fiscal deficit below 3 % of GDP, while Bank Indonesia will monitor global and domestic developments to preserve financial stability.