S&P Global Ratings Warns of Fiscal Pressures on Indonesia's Credit Profile

S&P Global Ratings has issued a warning regarding Indonesia's sovereign credit profile, highlighting the growing fiscal pressures due to increased debt-servicing costs. Bloomberg posted on X that these rising costs are contributing to heightened downside risks for the country's financial stability. The warning comes as Indonesia faces challenges in managing its fiscal policies amid global economic uncertainties. S&P Global Ratings emphasized the importance of addressing these fiscal pressures to maintain a stable credit outlook for Indonesia. The agency's assessment underscores the need for careful fiscal management to mitigate potential risks associated with higher debt obligations.