Indonesia’s Credit Ratings Diverge as S&P Holds Sovereign BBB, Fitch Cuts Pos Indonesia to C

Indonesia sovereign rating PT Pos Indonesia Fitch downgrade S&P rating sukuk default

Standard & Poor’s (S&P) Global Ratings kept Indonesia’s sovereign credit rating at the investment‑grade level BBB with a stable outlook, citing consistent macro‑economic policies and resilient fundamentals. Indonesian officials welcomed the decision as validation of fiscal credibility and economic stability.

Fitch Ratings downgraded the state‑owned PT Pos Indonesia (Persero) from A to C, moving it into the near‑default category after the company missed a scheduled sukuk‑ijarah payment on 8 July 2026. The downgrade includes a removal of outlook and warns of a possible further slide to Restricted Default if obligations remain unpaid. Fitch highlighted the heightened volatility and the risk of default for the postal‑logistics firm despite its government‑related status.

Sources

Fakta-Fakta Rating Kredit RI Tetap BBB, S&P Soroti Ekonomi Tumbuh 5 Persen : Okezone Economy [economy.okezone.com]

2 days ago

Fitch Pangkas Rating Pos Indonesia dari A jadi C, Ada Risiko Gagal Bayar Rp 24 M - Korporasi Katadata. co. id [katadata.co.id]

4 days ago