IHSG rises 1.92% after S&P keeps Indonesia at BBB
S&P kept a stable outlook, saw the budget deficit held below 3% of GDP, and forecast 5.1% growth in 2026.
IHSG closed up 1.92 percent at 6,037.84 in Monday trading, while the LQ45 index rose 2.23 percent to 602.37, after S&P Global Ratings kept Indonesia's sovereign debt rating at BBB with a stable outlook. Markets reacted positively because of earlier concerns that Indonesia's rating or outlook could be downgraded. S&P said Indonesia's weaker fiscal and external position is temporary and could improve as commodity prices rise and the government works to increase state revenue. The agency also expected the government to keep the APBN deficit below 3 percent of GDP and projected Indonesia's economy to grow 5.1 percent in 2026, then average 4.9 percent in 2026-2029.