Credit Rating
Fitch follows Moody's with negative outlook on Indonesia's debt
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Rating agency Fitch Ratings has revised Indonesia's sovereign debt outlook from stable to negative—following Moody's similar move last month—while maintaining the BBB investment-grade rating. Officials including Coordinating Minister Airlangga Hartarto and Bank Indonesia emphasized ongoing economic strength amid fiscal pressures from programs like Free Nutritious Meals (MBG) and global tensions.
Moody’s Ratings has changed South Africa’s credit outlook to positive from stable while keeping its Ba2 rating unchanged. The move reflects progress on fiscal management and reforms.
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Malacañang stated that Fitch Ratings' revision of the Philippines' outlook to negative does not signal an imminent downgrade. The agency affirmed the country's BBB investment-grade credit rating. It cited the government's proactive response to external challenges.