REPUBLIKA.CO.ID, JAKARTA - Japan Credit Rating Agency maintains Indonesian investment rating or sovereign credit rating at BBB or stable outlook. Bank Indonesia (BI) said there were three key factors supporting this affirmative decision.
First, Indonesia's economic growth is sustainable and supported by solid domestic demand. Second, low public debt burden as a result of fiscal management caution. Third, resistance to external shocks.
"This rating shows that Indonesian economy is relatively stable, despite global economic slowdown which creates high uncertainty," Governor of BI, Agus Martowardojo said on Tuesday.
Martowardojo said this momentum needed to be maintained through coordinated efforts between government and BI.
JCR analyst said Indonesia could maintain strong economic growth and fiscal sustainability in coming years.but Indonesia needed to pay attention to current account deficit in balance of payment experienced by Indonesia recently.