Jakarta, April 23 -- Deputy Minister of Finance Juda Agung stated that Indonesia's investment grade remains secure amidst increasing global oil prices due to the conflict in the Middle East, which has contributed to uncertainty in global financial markets.

"Compared to peer countries, Indonesia is growing stronger while maintaining macroeconomic stability, supported by low inflation, a strong fiscal position and solid external buffers," said Agung at the Fitch Ratings Annual Indonesia Conference here on Thursday.

As of March 2026, Fitch Ratings assigned Indonesia's debt rating to BBB with a negative outlook. This rating represents a downgrade from the previous stable outlook.

Agung said that the current conditions place Indonesia in a ...