Current Indonesia credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | BBB | - | 27 Apr 2022 | outlook upgrade |
| Moody's Investors Service | Baa2 | - | 13 Apr 2018 | rating upgrade |
| Fitch Ratings | BBB | - | 21 Dec 2017 | rating upgrade |
| DBRS | - | - |
Indonesia: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
Indonesia Credit Ratings historical data
Timetable of Indonesia credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 27 Apr 2022 | BBB | |||
| 17 Apr 2020 | BBB | |||
| 31 May 2019 | BBB | |||
| 13 Apr 2018 | Baa2 | |||
| 21 Dec 2017 | BBB | |||
| 19 May 2017 | BBB- | |||
| 8 Feb 2017 | Baa3 | |||
| 21 Dec 2016 | BBB- | |||
| 21 May 2015 | BB+ | |||
| 2 May 2013 | BB+ | |||
| 18 Jan 2012 | Baa3 | |||
| 15 Dec 2011 | BBB- | |||
| 8 Apr 2011 | BB+ | |||
| 24 Feb 2011 | BB+ | |||
| 17 Jan 2011 | Ba1 | |||
| 21 Jun 2010 | Ba2 | |||
| 12 Mar 2010 | BB | |||
| 24 Jan 2010 | BB+ | |||
| 23 Oct 2009 | BB- | |||
| 16 Sep 2009 | Ba2 | |||
| 11 Jun 2009 | Ba3 | |||
| 13 Feb 2008 | BB | |||
| 18 Oct 2007 | Ba3 | |||
| 5 Feb 2007 | B1 | |||
| 28 Jan 2007 | BB- | |||
| 26 Jul 2006 | BB- | |||
| 18 May 2006 | B1 | |||
| 12 Feb 2006 | BB- | |||
| 9 Feb 2006 | B+ | |||
| 1 Sep 2005 | B+ | |||
| 18 Feb 2005 | B2 | |||
| 26 Jan 2005 | BB- | |||
| 21 Dec 2004 | B+ | |||
| 4 Oct 2004 | B+ | |||
| 11 May 2004 | B | |||
| 20 Nov 2003 | B+ | |||
| 7 Oct 2003 | B | |||
| 29 Sep 2003 | B2 | |||
| 12 May 2003 | B- | |||
| 5 Sep 2002 | CCC+ | |||
| 1 Aug 2002 | B | |||
| 24 Apr 2002 | B3 | |||
| 22 Apr 2002 | SD | |||
| 30 Nov 2001 | B- | |||
| 2 Nov 2001 | CCC | |||
| 14 Sep 2001 | B- | |||
| 30 Jul 2001 | CCC+ | |||
| 21 May 2001 | CCC+ | |||
| 7 Mar 2001 | B- | |||
| 2 Oct 2000 | B- | |||
| 21 Sep 2000 | B- | |||
| 17 Apr 2000 | SD | |||
| 12 Sep 1999 | CCC+ | |||
| 30 Mar 1999 | CCC+ | |||
| 29 Mar 1999 | SD | |||
| 15 May 1998 | CCC+ | |||
| 20 Mar 1998 | B3 | |||
| 16 Mar 1998 | B- | |||
| 11 Mar 1998 | B- | |||
| 27 Jan 1998 | B | |||
| 21 Jan 1998 | B+ | |||
| 9 Jan 1998 | BB | B2 | ||
| 8 Jan 1998 | BB- | |||
| 31 Dec 1997 | BB+ | |||
| 22 Dec 1997 | BB+ | |||
| 21 Dec 1997 | Ba1 | |||
| 17 Dec 1997 | BBB- | |||
| 10 Oct 1997 | BBB- | |||
| 4 Jun 1997 | BBB- | |||
| 18 Apr 1995 | BBB | |||
| 14 Mar 1994 | Baa3 | |||
| 20 Jul 1992 | BBB- |
