Indonesia - Credit Rating

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
FitchBBB Stable Dec 21 2017
S&PBBB- Stable May 19 2017
Moody'sBaa3 Positive Feb 08 2017
FitchBBB- Positive Dec 21 2016
TE46 Positive Apr 16 2016
S&PBB+ Positive May 21 2015
S&PBB+ Stable May 02 2013
Moody'sBaa3 Stable Jan 18 2012
FitchBBB- Stable Dec 15 2011
S&PBB+ Positive Apr 08 2011
FitchBB+ Negative Feb 24 2011
Moody'sBa1 Stable Jan 17 2011
Moody'sBa2 Positive Watch Dec 01 2010
Moody'sBa2 Positive Jun 21 2010
S&PBB Positive Mar 12 2010
FitchBB+ Stable Jan 24 2010
S&PBB- Positive Oct 23 2009
Moody'sBa2 Stable Sep 16 2009
Moody'sBa3 Positive Jun 11 2009
FitchBB Stable Feb 13 2008
Moody'sBa3 Stable Oct 18 2007
Moody'sB1 Positive Watch Aug 01 2007
Moody'sB1 Positive Feb 05 2007
FitchBB- Positive Jan 28 2007
S&PBB- Stable Jul 26 2006
Moody'sB1 Stable May 18 2006
Moody'sB2 Positive Watch Feb 26 2006
FitchBB- Stable Feb 12 2006
S&PB+ Positive Feb 09 2006
S&PB+ Stable Sep 01 2005
Moody'sB2 Positive Feb 18 2005
FitchBB- Positive Jan 26 2005
S&PB+ Positive Dec 21 2004
FitchB+ Positive Oct 04 2004
S&PB Positive May 11 2004
FitchB+ Stable Nov 20 2003
S&PB Stable Oct 07 2003
Moody'sB2 Stable Sep 29 2003
Moody'sB3 Positive Watch Jun 25 2003
S&PB- Stable May 12 2003
S&PCCC+ Stable Sep 05 2002
FitchB Stable Aug 01 2002
Moody'sB3 Positive Apr 24 2002
S&PSD N/A Apr 22 2002
FitchB- Stable Nov 30 2001
S&PCCC Negative Nov 02 2001
FitchB- Positive Sep 14 2001
S&PCCC+ Stable Jul 30 2001
S&PCCC+ Negative May 21 2001
S&PB- Negative Mar 07 2001
S&PB- Stable Oct 02 2000
FitchB- Stable Sep 21 2000
S&PSD N/A Apr 17 2000
S&PCCC+ Negative Watch Sep 12 1999
S&PCCC+ Stable Mar 30 1999
S&PSD N/A Mar 29 1999
S&PCCC+ Negative Jul 08 1998
S&PCCC+ Negative Watch May 15 1998
Moody'sB3 Stable Mar 20 1998
FitchB- Negative Watch Mar 16 1998
S&PB- Negative Watch Mar 11 1998
S&PB Negative Watch Jan 27 1998
FitchB+ Negative Watch Jan 21 1998
S&PBB Negative Watch Jan 09 1998
Moody'sB2 Stable Jan 09 1998
FitchBB- N/A Jan 08 1998
S&PBB+ Negative Dec 31 1997
FitchBB+ N/A Dec 22 1997
Moody'sBa1 Stable Dec 21 1997
FitchBBB- Negative Watch Dec 17 1997
S&PBBB- Stable Oct 10 1997
FitchBBB- N/A Jun 04 1997
S&PBBB Stable Apr 18 1995
Moody'sBaa3 Stable Mar 14 1994
S&PBBB- Positive Jul 20 1992


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB 65
B- B3 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B1 BB- 60
BB- Ba3 BB- 40
CCC+ Caa3 53
B B3 B 25
AA Aa3 AA- AA (high) 88
B- B3 25
N/A N/A 30
A+ A2 N/A 91
BB- Ba3 BB- 38
B B3 28
A- A2 73
BB- Ba2 BB- BB (low) 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ Aa3 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB+ Ba2 BB+ 45
Caa2 20
BB+ Ba3 BB+ BB (low) 36
AA- A1 A+ 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B 29
B B3 B 28
CCC+ B3 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA Aaa AAA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A B3 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B B3 B B 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa2 BBB 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
A+ A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B2 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA 88
BB- BB+ 48
A- A3 A- 66
B2 B+
A- A3 A+ A (high) 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- B3 B- 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 RD 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B+ B2 B+ 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa3 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BBB- Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
A- Baa1 A- A 62
B+ B1 B+ 38
B3 25
B B2 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
B1
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
N/A B2 B+ 44
BB- Ba2 BB+ BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD C RD 5
BB- B1 BB 29
B B3 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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