PEFINDO RATINGS UPDATE

Entity Name / Debt Issues Amount Debt Maturity Rating / Outlook Release Date
Outstanding
Kereta Api Indonesia (Persero) idAA+/Negative 14-Sep-20
Bond I Year 2017 Series A IDR1,000.0 bn 2022-11-21 idAA+ 14-Sep-20
Bond I Year 2017 Series B IDR1,000.0 bn 2024-11-21 idAA+ 14-Sep-20
Bond II Year 2019 Series A IDR900.0 bn 2024-12-13 idAA+ 14-Sep-20
Bond II Year 2019 Series B IDR1,100.0 bn 2026-12-13 idAA+ 14-Sep-20

Aneka Tambang Tbk. idA/Stable 14-Sep-20

Shelf Registration Bond I Phase I Year 2011 Series B IDR2,100.0 bn 2021-12-14 idA 14-Sep-20

BCA Finance idAAA/Stable 14-Sep-20

Shelf Registration Bond III Phase I Year 2019 Series A IDR842.0 bn 2020-11-12 idAAA 14-Sep-20

Barata Indonesia (Persero) idCCC/CreditWatch 12-Sep-20

with Negative
Implication
MTN I Year 2017 Series A IDR200.0 bn 2020-12-07 idCCC 12-Sep-20
MTN I Year 2017 Series B IDR100.0 bn 2021-03-16 idCCC 12-Sep-20
MTN III Year 2019 IDR100.0 bn 2020-09-14 idCCC 12-Sep-20

Angkasa Pura II (Persero) idAAA/Negative 11-Sep-20

Bond I Year 2016 Series A IDR1,000.0 bn 2021-06-30 idAAA 11-Sep-20
Bond I Year 2016 Series B IDR100.0 bn 2023-06-30 idAAA 11-Sep-20
Bond I Year 2016 Series C IDR900.0 bn 2026-06-30 idAAA 11-Sep-20
Shelf Registration Bond I Phase I Year 2018 Series A IDR200.0 bn 2021-12-12 idAAA 11-Sep-20
Shelf Registration Bond I Phase I Year 2018 Series B IDR550.0 bn 2023-12-12 idAAA 11-Sep-20
Shelf Registration Bond I Phase II Year 2020 Series A IDR32.0 bn 2023-08-13 idAAA 11-Sep-20
Shelf Registration Bond I Phase II Year 2020 Series B IDR159.0 bn 2025-08-13 idAAA 11-Sep-20
Shelf Registration Bond I Phase II Year 2020 Series C IDR1,602.0 bn 2027-08-13 idAAA 11-Sep-20
Shelf Registration Bond I Phase II Year 2020 Series D IDR457.0 bn 2030-08-13 idAAA 11-Sep-20

Voksel Electric Tbk. idA-/Negative 11-Sep-20

Bond I Year 2019 Series A IDR486.6 bn 2022-12-12 idA- 11-Sep-20
Bond I Year 2019 Series B IDR13.5 bn 2024-12-12 idA- 11-Sep-20

KIK EBA Bahana Bukopin

Kumpulan Tagihan Kredit Pensiunan Yang Dialihkan Kelas A1 IDR326.7 bn 2022-09-04 idAAA(sf) 11-Sep-20
Kumpulan Tagihan Kredit Pensiunan Yang Dialihkan Kelas A2 IDR672.0 bn 2026-09-04 idAAA(sf) 11-Sep-20

Pos Indonesia (Persero) idBBB+/Negative 11-Sep-20

MTN Syariah Ijarah POSINDO-01 Year 2018 IDR200.0 bn 2020-12-28 idBBB+(sy) 11-Sep-20
MTN POSINDO-01 Year 2019 IDR335.0 bn 2021-10-02 idBBB+ 11-Sep-20
MTN POSINDO-02 Series B IDR50.0 bn 2022-07-19 idBBB+ 11-Sep-20
MTN POSINDO-02 Series C IDR250.0 bn 2022-10-23 idBBB+ 11-Sep-20

PP Properti Tbk. idBBB-/Negative 11-Sep-20

Bond I Phase I Year 2016 Series B IDR400.0 bn 2021-07-01 idBBB- 11-Sep-20

Adhi Persada Properti idBB+/Stable 11-Sep-20

MTN IV Year 2017 IDR625.0 bn 2020-10-05 idBB+ 11-Sep-20

Bank Pembangunan Daerah Nusa Tenggara Timur idA-/Stable 11-Sep-20

Shelf Registration Bond I Phase I Year 2018 Series B IDR155.0 bn 2021-12-21 idA- 11-Sep-20
Shelf Registration Bond I Phase I Year 2018 Series C IDR80.0 bn 2023-12-21 idA- 11-Sep-20
Shelf Registration Bond I Phase I Year 2018 Series D IDR37.0 bn 2025-12-21 idA- 11-Sep-20

Bank CIMB Niaga Tbk. idAAA/Stable 11-Sep-20

Shelf Registration Bond II Phase I Year 2016 Series C IDR182.0 bn 2021-11-03 idAAA 11-Sep-20
Shelf Registration Bond II Phase II Year 2017 Series C IDR822.0 bn 2022-08-23 idAAA 11-Sep-20
Shelf Registration Bond II Phase III Year 2017 Series B IDR657.0 bn 2020-11-02 idAAA 11-Sep-20
Shelf Registration Bond II Phase III Year 2017 Series C IDR843.0 bn 2022-11-02 idAAA 11-Sep-20
Shelf Registration Bond II Phase IV Year 2018 Series B IDR137.0 bn 2021-09-20 idAAA 11-Sep-20
Shelf Registration Bond II Phase IV Year 2018 Series C IDR118.0 bn 2023-09-20 idAAA 11-Sep-20
Subordinated Bond III Year 2018 Series A IDR75.0 bn 2023-11-15 idAA 11-Sep-20
Subordinated Bond III Year 2018 Series B IDR75.0 bn 2025-11-15 idAA 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase I Year 2018 Series B IDR559.0 bn 2021-11-15 idAAA(sy) 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase II Year 2019 Series B IDR936.0 bn 2022-08-21 idAAA(sy) 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase II Year 2019 Series C IDR429.0 bn 2024-08-21 idAAA(sy) 11-Sep-20
Shelf Registration Bond III Phase I Year 2019 Series A IDR276.0 bn 2020-12-29 idAAA 11-Sep-20
Shelf Registration Bond III Phase I Year 2019 Series B IDR1,066.0 bn 2022-12-19 idAAA 11-Sep-20
Shelf Registration Bond III Phase I Year 2019 Series C IDR481.0 bn 2024-12-19 idAAA 11-Sep-20
Shelf Registration Subordinated Bond I Phase I Year 2019 IDR83.0 bn 2024-12-19 idAA 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase III Year 2020 Series A IDR322.0 bn 2021-04-07 idAAA(sy) 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase III Year 2020 Series B IDR287.0 bn 2023-03-27 idAAA(sy) 11-Sep-20
Shelf Registration Sukuk Mudharabah I Phase III Year 2020 Series C IDR391.0 bn 2025-03-27 idAAA(sy) 11-Sep-20

Bank Permata Tbk. idAAA/Stable 11-Sep-20

Shelf Registration Subordinated Bond II Phase I Year 2013 IDR860.0 bn 2020-12-24 idAA+ 11-Sep-20
Shelf Registration Subordinated Bond II Phase II Year 2014 IDR700.0 bn 2021-10-24 idAA 11-Sep-20

Waskita Toll Road idBBB/Negative 10-Sep-20

MTN II Year 2019 IDR200.0 bn 2020-10-01 idBBB 10-Sep-20

Bank Bukopin Tbk. idAA/Stable 10-Sep-20

Shelf Registration Subordinated Bond II Phase I Year 2015 IDR400.0 bn 2022-06-30 idA+ 10-Sep-20
Shelf Registration Subordinated Bond II Phase II Year 2017 IDR1,405.0 bn 2024-02-28 idA+ 10-Sep-20

Lembaga Pembiayaan Ekspor Indonesia idAAA/Stable 10-Sep-20

Shelf Registration Bond IV Phase VII Year 2019 Series A IDR600.0 bn 2020-11-09 idAAA 10-Sep-20

KB Finansia Multi Finance idAA-/Stable 9-Sep-20

MTN IV Phase I Year 2017 IDR397.0 bn 2020-10-27 idAA- 9-Sep-20
MTN IV Phase II Year 2018 IDR177.7 bn 2021-01-17 idAA- 9-Sep-20

BRI Multifinance Indonesia idAA-/Stable 9-Sep-20

MTN I Year 2019 IDR300.0 bn 2022-12-13 idAA- 9-Sep-20

1
Entity Name / Debt Issues Amount Debt Maturity Rating / Outlook Release Date
Outstanding
Hutama Karya (Persero) idA/Negative 9-Sep-20
Shelf Registration Bond I Phase I Year 2016 IDR1,000.0 bn 2026-12-21 idAAA(gg) 9-Sep-20
Shelf Registration Bond I Phase II Year 2017 IDR1,968.0 bn 2027-06-06 idAAA(gg) 9-Sep-20
Shelf Registration Bond I Phase III Year 2017 Series A IDR1,165.0 bn 2022-09-26 idAAA(gg) 9-Sep-20
Shelf Registration Bond I Phase III Year 2017 Series B IDR2,367.0 bn 2027-09-26 idAAA(gg) 9-Sep-20

Summarecon Agung Tbk. idA/Stable 9-Sep-20

Shelf Registration Bond II Phase I Year 2015 IDR500.0 bn 2020-12-16 idA 9-Sep-20
Shelf Registration Bond II Phase II Year 2017 IDR800.0 bn 2020-11-28 idA 9-Sep-20
Shelf Registration Bond III Phase I Year 2018 IDR416.0 bn 2021-12-06 idA 9-Sep-20
Shelf Registration Bond III Phase II Year 2019 Series A IDR500.0 bn 2022-10-15 idA 9-Sep-20
Shelf Registration Bond III Phase II Year 2019 Series B IDR200.0 bn 2024-10-15 idA 9-Sep-20

Impack Pratama Industri Tbk. idA-/Stable 8-Sep-20

Bond I Year 2016 Series B IDR100.0 bn 2021-12-02 idA- 8-Sep-20

Sarana Multi Infrastruktur (Persero) idAAA/Stable 8-Sep-20

Shelf Registration Bond I Phase II Year 2017 Series B IDR4,455.0 bn 2020-11-15 idAAA 8-Sep-20
Shelf Registration Bond II Phase III Year 2019 Series A IDR654.5 bn 2020-11-10 idAAA 8-Sep-20

Sumberdaya Sewatama idCCC/Negative 7-Sep-20

Bond I Year 2012 Series B IDR553.4 bn 2034-12-31 idCCC 7-Sep-20
Sukuk Ijarah I Year 2012 IDR190.5 bn 2034-12-31 idCCC(sy) 7-Sep-20

Perikanan Nusantara (Persero) idBB-/CreditWatch 7-Sep-20

with Negative
Implication
MTN I Year 2017 IDR200.0 bn 2020-12-04 idBB- 7-Sep-20

Perusahaan Pengelola Aset (Persero) idA/Stable 4-Sep-20

MTN I Year 2019 Series A IDR300.0 bn 2021-11-08 idA 4-Sep-20
MTN I Year 2019 Series B IDR450.0 bn 2022-11-08 idA 4-Sep-20
Commercial Paper I Year 2019 IDR100.0 bn 2020-11-28 idA1 4-Sep-20
Bond I Year 2020 Series A IDR100.0 bn 2023-09-01 idA 4-Sep-20
Bond I Year 2020 Series B IDR345.0 bn 2025-09-01 idA 4-Sep-20
Bond I Year 2020 Series C IDR197.1 bn 2027-09-01 idA 4-Sep-20

Mass Rapid Transit Jakarta (Perseroda) idAA+/Stable 4-Sep-20

Indosat Tbk. idAAA/Stable 2-Sep-20

Shelf Registration Bond I Phase III Year 2015 Series B IDR301.0 bn 2020-12-08 idAAA 2-Sep-20
Shelf Registration Bond II Phase II Year 2017 Series B IDR673.0 bn 2020-11-09 idAAA 2-Sep-20
Shelf Registration Sukuk Ijarah II Phase II Year 2017 Series B IDR260.0 bn 2020-11-09 idAAA(sy) 2-Sep-20

KIK EBA Danareksa Indonesia Power PLN 1 2-Sep-20

Class A EBA IDR1,841.5 bn 2022-09-19 idAAA(sf) 2-Sep-20

Chandra Asri Petrochemical Tbk. idAA-/Negative 1-Sep-20

Bond I Year 2016 Series B IDR138.6 bn 2021-12-22 idAA- 1-Sep-20
Shelf Registration Bond I Phase I Year 2017 Series A IDR150.0 bn 2020-12-12 idAA- 1-Sep-20
Shelf Registration Bond I Phase I Year 2017 Series B IDR120.3 bn 2022-12-12 idAA- 1-Sep-20
Shelf Registration Bond I Phase I Year 2017 Series C IDR229.8 bn 2024-12-12 idAA- 1-Sep-20
Shelf Registration Bond I Phase II Year 2018 Series A IDR100.0 bn 2021-03-01 idAA- 1-Sep-20
Shelf Registration Bond I Phase II Year 2018 Series B IDR100.0 bn 2023-03-01 idAA- 1-Sep-20
Shelf Registration Bond I Phase II Year 2018 Series C IDR300.0 bn 2025-03-01 idAA- 1-Sep-20
Shelf Registration Bond II Phase I Year 2018 IDR500.0 bn 2021-12-19 idAA- 1-Sep-20
Shelf Registration Bond II Phase II Year 2019 IDR750.0 bn 2022-05-29 idAA- 1-Sep-20
Shelf Registration Bond II Phase III Year 2020 IDR750.0 bn 2025-02-12 idAA- 1-Sep-20
Shelf Registration Bond III Phase I Year 2020 Series A IDR528.8 bn 2023-08-26 idAA- 1-Sep-20
Shelf Registration Bond III Phase I Year 2020 Series B IDR357.7 bn 2025-08-26 idAA- 1-Sep-20
Shelf Registration Bond III Phase I Year 2020 Series C IDR113.5 bn 2027-08-26 idAA- 1-Sep-20

Bussan Auto Finance idAA/Stable 31-Aug-20

Bond I Year 2017 Series B IDR350.0 bn 2020-11-03 idAA 31-Aug-20
Bond III Year 2019 Series A IDR300.0 bn 2020-11-18 idAA 31-Aug-20

Mayora Indah Tbk. idAA/Stable 27-Aug-20

Shelf Registration Bond I Phase I Year 2017 IDR500.0 bn 2022-02-24 idAA 27-Aug-20
Shelf Registration Bond I Phase II Year 2017 IDR550.0 bn 2022-12-21 idAA 27-Aug-20
Shelf Registration Bond I Phase III Year 2018 IDR500.0 bn 2023-04-24 idAA 27-Aug-20
Shelf Registration Bond II Phase I Year 2020 Series A IDR157.0 bn 2021-09-19 idAA 27-Aug-20
Shelf Registration Bond II Phase I Year 2020 Series B IDR8.0 bn 2023-09-09 idAA 27-Aug-20
Shelf Registration Bond II Phase I Year 2020 Series C IDR295.0 bn 2025-09-09 idAA 27-Aug-20
Shelf Registration Bond II Phase I Year 2020 Series D IDR40.0 bn 2027-09-09 idAA 27-Aug-20

Medikaloka Hermina Tbk. idAA-/Stable 27-Aug-20

Shelf Registration Bond I Phase I Year 2020 Series A IDR425.5 bn 2023-09-08 idAA- 27-Aug-20
Shelf Registration Bond I Phase I Year 2020 Series B IDR21.0 bn 2025-09-08 idAA- 27-Aug-20

Lautan Luas Tbk. idA-/Stable 26-Aug-20

Shelf Registration Bond II Phase I Year 2017 IDR200.0 bn 2022-06-21 idA- 26-Aug-20
Shelf Registration Bond II Phase II Year 2017 Series A IDR364.5 bn 2020-11-28 idA- 26-Aug-20
Shelf Registration Bond II Phase II Year 2017 Series B IDR285.5 bn 2022-11-28 idA- 26-Aug-20
Shelf Registration Bond III Phase I Year 2020 Series A IDR181.6 bn 2023-07-21 idA- 26-Aug-20
Shelf Registration Bond III Phase I Year 2020 Series B IDR105.2 bn 2025-07-21 idA- 26-Aug-20

Wika Realty idBBB-/Negative 26-Aug-20

MTN V Year 2017 IDR250.0 bn 2020-11-08 idBBB- 26-Aug-20
MTN VI Year 2017 IDR500.0 bn 2020-10-27 idBBB- 26-Aug-20
MTN VII Year 2018 IDR205.0 bn 2021-02-25 idBBB- 26-Aug-20
MTN IX Year 2019 IDR545.0 bn 2024-08-28 idBBB- 26-Aug-20

Mora Telematika Indonesia idA/Stable 25-Aug-20

Bond I Year 2017 Series A IDR540.0 bn 2020-12-06 idA 25-Aug-20

Permodalan Nasional Madani (Persero) idA+/Negative 25-Aug-20

Shelf Registration Bond I Phase II Year 2016 Series B IDR839.0 bn 2021-11-03 idA+ 25-Aug-20
Shelf Registration Bond II Phase I Year 2017 Series B IDR750.0 bn 2022-07-12 idA+ 25-Aug-20

2
Entity Name / Debt Issues Amount Debt Maturity Rating / Outlook Release Date
Outstanding
Sukuk Mudharabah I Year 2017 Series D IDR100.0 bn 2021-01-31 idA+(sy) 25-Aug-20
MTN XVII Year 2018 IDR500.0 bn 2021-03-15 idA+ 25-Aug-20
Shelf Registration Bond II Phase II Year 2018 Series A IDR1,254.0 bn 2021-04-13 idA+ 25-Aug-20
Shelf Registration Bond II Phase II Year 2018 Series B IDR1,246.0 bn 2023-04-13 idA+ 25-Aug-20
MTN XVIII Year 2018 Series A IDR390.0 bn 2020-09-27 idA+ 25-Aug-20
MTN XIX Year 2018 Series A IDR70.0 bn 2021-12-28 idA+ 25-Aug-20
MTN XIX Year 2018 Series B IDR105.0 bn 2021-12-28 idA+ 25-Aug-20
MTN XIX Year 2018 Series C IDR105.0 bn 2021-12-28 idA+ 25-Aug-20
MTN XIX Year 2018 Series D IDR142.5 bn 2021-12-28 idA+ 25-Aug-20
MTN XIX Year 2018 Series E IDR201.0 bn 2021-12-28 idA+ 25-Aug-20
Sukuk Mudharabah II Year 2018 Series A IDR60.0 bn 2022-02-26 idA+(sy) 25-Aug-20
Sukuk Mudharabah II Year 2018 Series B IDR240.0 bn 2022-02-26 idA+(sy) 25-Aug-20
Shelf Registration Bond III Phase I Year 2019 Series A IDR1,401.0 bn 2022-05-28 idA+ 25-Aug-20
Shelf Registration Bond III Phase I Year 2019 Series B IDR599.0 bn 2024-05-28 idA+ 25-Aug-20
Sukuk Mudharabah III Phase I Year 2019 IDR300.0 bn 2024-06-18 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series A IDR435.0 bn 2021-09-24 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series B IDR65.0 bn 2022-10-30 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series C IDR322.0 bn 2023-02-20 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series D IDR350.0 bn 2021-09-24 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series E IDR100.0 bn 2022-10-30 idA+(sy) 25-Aug-20
Sukuk Mudharabah III Year 2019 Series F IDR120.0 bn 2023-02-20 idA+(sy) 25-Aug-20
Shelf Registration Bond III Phase II Year 2019 Series A IDR586.5 bn 2022-11-28 idA+ 25-Aug-20
Shelf Registration Bond III Phase II Year 2019 Series B IDR763.5 bn 2024-11-28 idA+ 25-Aug-20
Sukuk Mudharabah III Phase II Year 2019 Series E IDR50.0 bn 2022-10-30 idA+(sy) 25-Aug-20
Shelf Registration Bond III Phase III Year 2020 Series A IDR55.1 bn 2023-04-30 idA+ 25-Aug-20
Shelf Registration Bond III Phase III Year 2020 Series B IDR194.9 bn 2025-04-30 idA+ 25-Aug-20

Global Mediacom Tbk. idA/Stable 24-Aug-20

Shelf Registration Bond I Phase I Year 2017 Series A IDR804.8 bn 2022-07-07 idA 24-Aug-20
Shelf Registration Bond I Phase I Year 2017 Series B IDR6.3 bn 2023-07-07 idA 24-Aug-20
Shelf Registration Bond I Phase I Year 2017 Series C IDR38.9 bn 2024-07-07 idA 24-Aug-20
Shelf Registration Sukuk Ijarah I Phase I Year 2017 Series A IDR213.1 bn 2022-07-07 idA(sy) 24-Aug-20
Shelf Registration Sukuk Ijarah I Phase I Year 2017 Series B IDR14.0 bn 2023-07-07 idA(sy) 24-Aug-20
Shelf Registration Sukuk Ijarah I Phase I Year 2017 Series C IDR23.0 bn 2024-07-07 idA(sy) 24-Aug-20
Shelf Registration Bond I Phase II Year 2017 IDR250.0 bn 2020-09-19 idA 24-Aug-20
Shelf Registration Sukuk Ijarah I Phase II Year 2017 IDR150.0 bn 2020-09-19 idA(sy) 24-Aug-20
Shelf Registration Bond II Year 2020 (Proposed New) IDR1,400.0 bn idA 24-Aug-20
Shelf Registration Sukuk Ijarah II Year 2020 (Proposed New) IDR600.0 bn idA(sy) 24-Aug-20

Lontar Papyrus Pulp and Paper Industry idA/Stable 24-Aug-20

MTN I Year 2017 IDR1,000.0 bn 2020-10-20 idA 24-Aug-20