Today's Top 3 News: Moody's Downgrades Outlook for 5 Indonesian Banks to Negative

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, February 9, 2026. Here are the highlights: Moody's Downgrades Outlook for 5 Indonesian Banks to Negative; Stock Market Recap: JCI Weakens 4.73%, Capitalization Falls; and JCI Seen Slipping to 7,716 Amid MSCI, Moody's Pressure. 

The following is the list of the top 3 news on Tempo English today:

1. Moody's Downgrades Outlook for 5 Indonesian Banks to Negative

The debt rating agency Moody's has downgraded the outlook for five major banks in Indonesia from stable to negative. The five banks are Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Central Asia (BCA), and Bank Tabungan Negara (BTN).

This downgrade is consistent with the change in Indonesia's credit rating outlook from stable to negative.

"This rating change primarily reflects the negative outlook on Indonesia's Baa2 credit rating, which reflects an increased risk to Indonesia's policy credibility, as reflected in the reduced predictability and coherence in the policy-making process, together with less effective policy communication over the past year," Moody's stated in its announcement, quoted on Sunday, February 8, 2026.

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2. Stock Market Recap: JCI Weakens 4.73%, Capitalization Falls

The Indonesia Stock Exchange (IDX) recorded a 4.73 percent decrease in the Jakarta Composite Index (JCI) this week, closing at 7,935.26 on Friday, February 6, 2026. Meanwhile, the previous week, the IHSG closed at 8,329.6.

IDX's Acting Corporate Secretary Alit Nityaryana stated that foreign investors had a net buy value of Rp944.31 billion during the trading period of February 2-6, 2026. "And throughout 2026, it recorded a net sale value of Rp11.02 trillion," Alit said in an official statement quoted on Sunday, February 8, 2026.

IDX noted that the market capitalization decreased by 4.69 percent this week to Rp14,341 trillion from Rp15,046 trillion the previous week. Meanwhile, the average daily transaction frequency decreased by 28.62 percent, dropping from 3.82 transactions last week to 2.72 million transactions.

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3. JCI Seen Slipping to 7,716 Amid MSCI, Moody's Pressure

The Jakarta Composite Index (JCI) weakened 4.73 percent to 7,935 last week. Imam Gunadi, Equity Analyst at PT Indo Premier Sekuritas (IPOT), stated that last week's decline was primarily influenced by sentiment from Morgan Stanley Capital International (MSCI). Moody's also downgraded its outlook for Indonesia and several issuers.

Meanwhile, globally, Imam noted the geopolitical tensions between the United States and Iran. He stated that geopolitical risks remain high due to the US imposing new sanctions related to Iranian oil exports.

"Overall, with global and domestic caution remaining high, market movements this week are projected to fluctuate, with a limited weakening trend, with support at 7,716 and resistance at 8,207," Imam said in an official statement on Monday, February 9, 2026.

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