Indonesia Sovereign Rating Rumors Denied by Finance Minister

Indonesia Sovereign Rating Rumors Denied by Finance Minister 
Finance Minister Purbaya Yudhi Sadewa denied market rumors regarding a potential downgrade of Indonesia's sovereign credit rating, stating that discussions with S&P Global Ratings were still scheduled for later that day. Purbaya emphasized that Indonesia's fiscal condition remains solid and noted that S&P recently assigned a BBB/Stable/A-2 rating to Danantara Investment Management (DIM), in line with Indonesia's sovereign rating. S&P also estimated annual SOE dividend inflows of USD 5–6 bn to support DIM's funding, reinforcing confidence in the country's credit profile. (Bloomberg Technoz) 

DPR Approved Financial Sector Reform Bill (P2SK) for Final Ratification 
Indonesia's House of Representatives (DPR) and the govt. agreed to advance the revision of the Financial Sector Development and Strengthening Law (P2SK) to the final parliamentary approval stage, with all eight factions supporting the bill. The revision aims to strengthen the legal framework for monetary, fiscal, and financial sector authorities amid increasing economic uncertainty and the rapid development of digital finance. The bill underwent extensive discussions covering 1,212 items of review (DIM) and includes 105 amendments across 145 articles, following consultations with BI, OJK, LPS, banking associations, and academics. (Bloomberg Technoz)

Danantara Investment Management (DIM) Received Baa2 Rating from Moody's 
Moody's assigned a first-time Baa2 credit rating with a negative outlook to DIM, aligning the rating with Indonesia's sovereign credit profile. The agency also assigned a provisional (P)Baa2 rating for DIM's global medium-term note (MTN) program and a Baa2 rating for its planned senior unsecured bonds. Moody's highlighted DIM's strong linkage to the govt. through its ownership structure under Danantara, strategic role in managing SOE investments, extensive regulatory oversight, and expectations of timely state support, while noting the co.'s strong liquidity position supported by SOE dividend inflows. (Bloomberg Technoz)

Hartadinata Abadi (HRTA) to Disburse Dividend of IDR 40/sh 
HRTA approved FY25 cash dividend of IDR 40/sh, up 90.5% from IDR 21/sh distributed for FY24 (Div. yield: 1.75%). The dividend will be paid on 03 Jul-26 and marks the highest DPS since the co.'s IPO in 2017. The higher dividend follows strong FY25 performance, with revenue surging 144.4% YoY to IDR 44.55 tn and net profit rising 121.3% YoY to IDR 978.49 bn, supported by higher gold prices, increased sales volume, and stronger contributions from the Bullion Bank and retail segments. (Bisnis.com)