OJK Chairman: S&P Rating Signals the Sustainability of the Indonesian Economy and Financial System

Chairman of the OJK Commission Board, Friderica Widyasari Dewi, gives information at a press conference after the launch of the Carbon Unit Registration System (SRUK) in Jakarta, Thursday (9/7/2026). (Antara - M Riezko Bima Elko Prasetyo)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Friderica Widyasari Dewi said the decision of S&P Global Ratings was a positive signal for the preservation of the fundamentals of the economy and the stability of the Indonesian financial system in the face of global dynamics.

OJK welcomes the decision of S&P Global Ratings to maintain Indonesia's Sovereign Credit Rating at the level of BBB with a Stable outlook.

"The decision of S&P to maintain Indonesia's credit rating with a Stable outlook shows that Indonesia's economic fundamentals remain maintained amid global uncertainties. This assessment is also an encouragement for us to continue to strengthen the performance of the financial services sector and continue reforms to support national economic growth," said Friderica in an official statement in Jakarta, Tuesday.

In its report, S&P assessed that Indonesia's economic fundamentals are still supported by strong domestic demand, prudent fiscal policies, and a credible and flexible policy framework in maintaining macroeconomic stability.

Along with that, OJK will continue to carry out various efforts to strengthen the financial services sector through strengthening integrated risk-based supervision, deepening the financial market, and improving market integrity and governance.

In addition, it is also through accelerating digital transformation in accordance with the mandate of the Law on the Development and Strengthening of the Financial Sector (UU P2SK).

Friderica said these various efforts are to expand the capacity of the financial sector in mobilizing long-term financing for business and national development.

"This step also supports Indonesia's strategic program agenda, including increasing investment, economic transformation, and strengthening national competitiveness," said Friderica.

He continued, that the national financial services sector remained in a stable condition, supported by strong capital, adequate liquidity, and maintained risk profiles.

In addition, it is also supported by an intermediation that continues to develop so that it is able to support the stability of the financial system and financing the economy.

As part of the Financial System Stability Committee (KSSK), OJK ensures that it will continue to strengthen synergies with the Government, Bank Indonesia, and the Deposit Insurance Corporation (LPS) to maintain the stability of the financial system and support Indonesia's economic growth.