Standard & Poor's credit rating for Indonesia stands at BBB- with stable outlook. Moody's credit rating for Indonesia was last set at Baa2 with stable outlook. Fitch's credit rating for Indonesia was last reported at BBB with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Indonesia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Indonesia as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sBaa2 Stable Apr 13 2018
TE56 Stable Apr 13 2018
TE56 Stable Apr 13 2018
TE56 Stable Apr 13 2018
FitchBBB Stable Dec 21 2017
TE55 Stable Dec 21 2017
TE55 Stable Dec 21 2017
TE55 Stable Dec 21 2017
S&PBBB- Stable May 19 2017
TE53 Positive May 19 2017
TE53 Positive May 19 2017
TE53 Positive May 19 2017
Moody'sBaa3 Positive Feb 08 2017
TE53 Positive Feb 08 2017
TE53 Positive Feb 08 2017
TE53 Positive Feb 08 2017
FitchBBB- Positive Dec 21 2016
TE53 Positive Dec 21 2016
TE53 Positive Dec 21 2016
TE53 Positive Dec 21 2016
TE53 Positive Apr 16 2016
TE46 Positive Apr 16 2016
TE53 Positive Apr 16 2016
TE53 Positive Apr 16 2016
S&PBB+ Positive May 21 2015
TE53 Stable May 21 2015
TE53 Stable May 21 2015
TE53 Stable May 21 2015
TE53 Stable Apr 22 2014
TE53 Stable Apr 22 2014
TE53 Stable Apr 22 2014
TE53 Stable Mar 21 2014
TE53 Stable Mar 21 2014
TE53 Stable Mar 21 2014
TE53 Stable Oct 15 2013
TE53 Stable Oct 15 2013
TE53 Stable Oct 15 2013
TE53 Stable Jul 18 2013
TE53 Stable Jul 18 2013
TE53 Stable Jul 18 2013
TE53 Stable Jun 10 2013
TE53 Stable Jun 10 2013
TE53 Stable Jun 10 2013
S&PBB+ Stable May 02 2013
TE53 Positive May 02 2013
TE53 Positive May 02 2013
TE53 Positive May 02 2013
Moody'sBaa3 Stable Jan 18 2012
TE51 Positive Jan 18 2012
TE51 Positive Jan 18 2012
TE51 Positive Jan 18 2012
FitchBBB- Stable Dec 15 2011
TE50 Positive Dec 15 2011
TE50 Positive Dec 15 2011
TE50 Positive Dec 15 2011
TE50 Positive Nov 28 2011
TE50 Positive Nov 28 2011
TE50 Positive Nov 28 2011
TE50 Positive Aug 05 2011
TE50 Positive Aug 05 2011
TE50 Positive Aug 05 2011
TE50 Positive Aug 02 2011
TE50 Positive Aug 02 2011
TE50 Positive Aug 02 2011
TE50 Positive Jul 14 2011
TE50 Positive Jul 14 2011
TE50 Positive Jul 14 2011
TE50 Positive Jul 13 2011
TE50 Positive Jul 13 2011
TE50 Positive Jul 13 2011
TE50 Positive Apr 18 2011
TE50 Positive Apr 18 2011
TE50 Positive Apr 18 2011
S&PBB+ Positive Apr 08 2011
TE48 Positive Apr 08 2011
TE48 Positive Apr 08 2011
TE48 Positive Apr 08 2011
FitchBB+ Negative Feb 24 2011
TE48 Positive Feb 24 2011
TE48 Positive Feb 24 2011
TE48 Positive Feb 24 2011
Moody'sBa1 Stable Jan 17 2011
TE46 Positive Jan 17 2011
TE46 Positive Jan 17 2011
TE46 Positive Jan 17 2011
Moody'sBa2 Positive Watch Dec 01 2010
TE46 Positive Dec 01 2010
TE46 Positive Dec 01 2010
TE46 Positive Dec 01 2010
Moody'sBa2 Positive Jun 21 2010
TE46 Positive Jun 21 2010
TE46 Positive Jun 21 2010
TE46 Positive Jun 21 2010
S&PBB Positive Mar 12 2010
TE43 Positive Mar 12 2010
TE43 Positive Mar 12 2010
TE43 Positive Mar 12 2010
FitchBB+ Stable Jan 24 2010
TE41 Positive Jan 24 2010
TE41 Positive Jan 24 2010


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 60
B- B3 B 28
B B2 B B 31
B1 B+ 35
BBB+ BBB- 60
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 50
BB+ Baa3 52
B+ B2 BB- 36
BB- Ba3 BB- 40
SD Caa3 15
B B3 B 26
AA Aa3 AA- AA (high) 88
B- B3 20
B+ N/A 30
A+ A2 N/A 78
BB- Ba3 BB- 41
B B3 28
A- A2 72
BB- Ba2 BB- BB (low) 42
BBB- Baa2 BBB 58
B 25
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 30
Aa3 85
A+ A1 A N/A 80
A+ A1 A+ A (high) 81
BBB- Baa2 BBB BBB 58
CCC+ B3 22
BB- Ba2 BB 43
BB+ Ba2 BB+ 48
Caa2 15
BBB- Ba2 BBB- BB 48
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 38
B- B3 B- 26
B B3 B 28
CCC+ B3 B- 21
AA- A1 AA- AA (low) 81
B B1 B 31
AA Aaa AAA AAA 98
B+ Ba3 35
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 92
N/A Caa1 B 26
BB- Ba2 BB- 41
AAA Aaa AAA AAA 100
B B3 B 26
B+ B3 BB- B (high) 30
SD
BB- Ba1 BB 46
BB- B1 35
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 55
A A3 A 73
BBB- Baa2 BBB- BBB 56
BBB- Baa2 BBB 56
B- Caa1 B- 25
A+ A2 A+ A (high) 76
N/A Aa2 92
AA- A1 A+ 80
BBB Baa3 BBB BBB (high) 62
Ba3 B+ 38
B B3 B 28
A+ A1 A A 77
B+ B1 37
BBB- Baa3 BBB 56
B+ B2 B+ 35
AA Aa2 AA 90
NR B2 30
A A3 A- A (low) 70
B- B3 B- 28
B+ 35
AAA 100
A A3 A- A (low) 71
AAA Aaa AAA AAA 100
Aa3 AA 85
BB- BB 42
A- A3 A- 70
B2 B+ 32
A- A3 A+ A (high) 73
Baa1 65
BBB+ A3 BBB+ BBB (high) 65
B3 25
B B3 B 26
B+ B1 35
BBB- 55
BBB- Ba1 BBB- 53
SD Caa3 RD 12
Ba1 BB+ 52
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B2 B 30
B B2 B+ 31
AAA Aaa AAA AAA 99
BB Baa3 BBB- 53
B B3 B 28
BBB Baa2 BBB 60
B B2 32
BB Ba1 BB 46
BBB+ A3 BBB+ N/A 65
BBB Baa2 BBB 60
A- A2 A- A 71
BBB- Baa3 BBB BBB 56
D 0
AA- Aa3 AA- 85
B- Caa2 CC 23
BBB- Baa3 BBB- 55
BBB- Ba1 BBB- 51
B B2 B+ 31
BBB- 55
A- A1 A+ 78
B+ Ba3 37
BB Ba3 BB 38
BB- 40
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 78
A+ Baa1 A- A 72
B3 25
BB Baa3 BB+ 50
AA Aa2 AA- 86
A- Baa1 A- A 68
B+ B1 B+ 35
B3 25
B B2 B- 28
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3
B1
BBB+ Baa1 BBB+ 65
BBB+ Ba1 57
N/A B2 B+ 35
B+ Ba3 BB BB (high) 43
B B2 B+ 33
B- Caa2 B- 20
AA Aa2 AA 90
AA Aa2 AA AAA 93
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
SD C RD 12
BB- Ba3 BB 40
B- Caa1 B- 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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Indonesia - Credit Rating