RRI.CO.ID, Jakarta - Moody’s Investors Service is expected to revise its assessment of Indonesia as the country demonstrates stronger economic performance. The government believes that sustained growth and prudent fiscal management will be key factors in addressing market concerns.

Global rating agency Moody’s Ratings has maintained Indonesia’s sovereign credit rating at Baa2 with a negative outlook, citing policy risks and fiscal burdens from several government programs.

Finance Minister Purbaya Yudhi Sadewa expressed confidence that Moody’s perception will improve once the latest economic data is taken into account. “Although there are doubts about programs, the economy will grow faster,” Minister Purbaya said in Jakarta on Friday, February 6, 2026, as quoted by

He argued that the negative outlook would look different if Moody’s had waited for the release of Indonesia’s fourth-quarter 2025 (Q4-2025) results. During that period, the economy expanded by 5.39 percent year-on-year (yoy), the highest growth in 2025, though slightly below the government’s target of 5.45 percent.

According to Purbaya, Moody’s Ratings primarily focuses on a country’s ability and willingness to repay debt. “We fulfill both, so there should be no problem,” he asserted.

The government also reaffirmed its commitment to maintaining fiscal discipline amid concerns over rising expenditures. “Our Free Nutritious Meal (MBG) program is ensured to be well-targeted, effective, and efficient,” Purbaya said.

He added that the state budget is moving toward a healthier trajectory, with a controlled deficit and minimal costs for economic recovery. The government is targeting medium-term growth approaching 6 percent.

Moody’s Ratings has previously emphasized the importance of policy consistency, public communication, and inter-agency coordination. The agency also urged stronger state revenue to support priority spending and sustainable growth. ***