JAKARTA. PT Pemeringkat Efek Indonesia (Pefindo) maintains its idAA + rating for PT Indofood Sukses Makmur Tbk. and two of the corporate's bonds that will mature in 2019 and 2022.
Quoted from the information disclosure at IDX on Wednesday (10/04/2019), the idAA + rating with a stable outlook on the company is valid for the period of 4 April 2019 to 1 April 2020.
Meanwhile, the two bonds in question are PT Indofood Sukses Makmur Tbk. Bonds VII/2014 worth Rp 2 trillion that will mature on 13 June 2019, and Bonds VIII/2017 which has the same value and will mature on 22 May 2022.
The idAA + rating for Bonds VII/2014 is valid for the period of 4 April 2019 - 13 June 2019. while the rating for Bonds VIII/ 2017 is valid for the period of 4 April 2019 - 1 April 2020.
"Debt securities rated idAA have only minor differences with the highest rating given, and the obligor's ability to fulfil long-term financial commitments on the debt securities, compared to other obligors in Indonesia, is very strong. The plus sign (+) indicates that the rating given is relatively strong and above the average of the categories in question, "quoted the report.
Previously, the issuer with the INDF stock code announced in February that it was preparing to conduct a public offering of debt securities in rupiah. To carry out the process, the company intends to appoint 6 joint lead underwriters, namely PT Mandiri Sekuritas, PT BCA Sekuritas, PT CGS-CIMB Sekuritas Indonesia, PTDBSVickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. (AM/AR)