Inalum achieves international investment-grade rating from S&P Global

PT Indonesia Asahan Aluminium (Persero), known as Inalum, has achieved an international investment-grade credit rating of ‘BBB-’ with a stable outlook from S&P Global Ratings. This milestone is expected to strengthen the company’s credibility in both domestic and international financial markets as it prepares for increased funding needs to support aluminum downstreaming projects between 2026 and 2029.

S&P Global Ratings highlighted Inalum’s strategic position within the MIND ID group and the strong support provided by the Indonesian government. The company is central to the national strategy of bauxite downstreaming and developing a domestic aluminum value chain. Inalum’s CEO, Melati Sarnita, stated that this rating is a responsibility to maintain prudent performance and sustainable business transformation amidst expansion agendas.

In addition to Inalum’s credit upgrade, other Indonesian financial developments include BRI’s sustainable finance portfolio reaching Rp842.1 trillion, the achievement of record-high Indonesian Islamic financial assets at Rp3,131.02 trillion in 2025, and Bank Jago receiving a digital banking experience award.