S&P retains Indonesia’s rating at BBB/A-2 with stable outlook

S&P Global Ratings has affirmed Indonesia’s ratings at BBB/A-2, with the outlook remaining stable, according to the rating notice.The action gives textile and apparel exporters, importers, manufacturers and retail sectors tracking Indonesia an updated rating reference for country-risk review.

The brief notice from S&P Global Ratings stated only the affirmation and stable outlook. It did not include additional commentary on Indonesia’s textile, apparel, retail or sourcing sectors.

S&P Global Ratings affirmed Indonesia’s ratings at BBB/A-2 and kept the outlook stable.
For textile and apparel exporters, importers, manufacturers and retail sectors, the update is a country-risk reference when reviewing Indonesia exposure.
The brief notice gave no additional rationale, financial figures or sector-specific detail for supply-chain planning.

No financial figures, sector-specific impact assessment or further rationale were provided in the notice.

For supply-chain decision-makers, the rating action leaves the stated outlook unchanged, while further sector-level implications were not provided.

Fibre2Fashion News Desk