Jakarta (ANTARA) – Deputy Minister of Finance Juda Agung stated that Indonesia's investment grade remains secure amidst increasing global oil prices due to the conflict in the Middle East, which has contributed to uncertainty in global financial markets.”Compared to peer countries, Indonesia is growing stronger while maintaining macroeconomic stability, supported by low inflation, a strong fiscal position and solid external buffers,” said Agung at the Fitch Ratings Annual Indonesia Conference here on Thursday.As of March 2026, Fitch Ratings assigned Indonesia's debt rating to BBB with a negative outlook. This rating represents a downgrade from the previous stable outlook.Agung said that the current conditions place Indonesia in a relatively better and more balanced macroeconomic position among BBB-rated countries.This claim is based on domestic economic fundamentals, which he said remain solid.He explained that the government has managed to maintain economic growth of 5.11 percent (year-on-year/yoy) throughout 2025, while keeping the fiscal deficit below 3 percent.Furthermore, the debt-to-gross domestic product (GDP) ratio has also been maintained at around 40 percent, well below the safe limit of 60 percent.Meanwhile, Indonesia's inflation as of March 2026 was recorded within the target range of 1.5 precent to 3.5 percent (2.5±1 percent), with the Consumer Price Index (CPI) at 3.48 percent (yoy) and core inflation at 2.52 percent (yoy).Agung believes these strong economic fundamentals have maintained global investor confidence despite geopolitical pressures continuing to erode market perceptions.From an external perspective, he assessed that Indonesia's economy remains solid and well-managed, supported by adequate budget reserves that provide a strong cushion against global financial uncertainty.Furthermore, the government is aware of several issues from rating agencies and is committed to continuing to respond actively. In this regard, he said the government will continue to maintain policy consistency amid various global challenges.“Fitch Ratings recently highlighted a number of valid concerns. I can assure you that we are addressing these concerns directly. Our Fitch rating remains at investment grade, the result of years of discipline across various aspects,” he said.“We are fully committed to maintaining policy clarity and consistency. We understand the challenges, from rising energy prices and tightening global financial markets to shifting sentiment. We understand this, and we continue to actively work to build a more resilient, transparent and adaptive economy,” he concluded.