Pefindo affirms "idA+" rating for PTPP
JAKARTA - Pemeringkat Efek Indonesia (Pefindo) has affirmed its "idA+" rating for PT Pembangunan Perumahan Tbk (PTPP)’s Shelf-Registered Bond I Phase II Year 2015 with a principal of Rp 300 billion. The bonds will mature on February 24, 2020.
PTPP plans to use part of the proceeds from Shelf-Registered Bond II Phase II Year 2019 amounting to Rp 1.25 trillion to repay the maturing bond. For information, as of September 30, 2019, PTPP had cash and cash equivalents as much as Rp 4.4 trillion.
The rating given by Pefindo is valid from 28 November 2019 to 24 February 2020. Pefindo also gave a stable corporate rating for PTPP. (LM)