JAKARTA (March 4): Multiple Indonesian local media reported on Wednesday that Fitch Ratings has downgraded Indonesia's sovereign credit rating outlook to negative from stable. News websites Detik.com and KataData reported the outlook cut citing a draft statement by Fitch, while investigative news outlet Tempo published a report citing an official Fitch statement. Detik.com reported that Fitch maintained Indonesia's rating at BBB, but revised the outlook due to increased policy uncertainty and concern over consistency and credibility of policy mix amid centralised policymaking. Rating agency Moody's last month cut its outlook for Indonesia to negative, citing reduced predictability in policymaking. Indonesia's finance ministry did not immediately respond to a request for comment on the reports.

Source: The Edge Markets March 04, 2026 06:18 UTC