Indonesia Outlook Cut, Media Reports; Fitch Declines to Comment

Indonesia’s outlook has been revised to negative from stable by Fitch Ratings Inc., several news outlets in the country reported, amid increasing regulatory ambiguity under President Prabowo Subianto.

Representatives from Fitch said the ratings agency had no comment. Indonesia’s Finance Ministry declined to comment, saying that it would “wait for the official release from Fitch,” according to spokesman Deni Surjantoro.