JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) affirmed its "idAA+" rating for PT Indofood Sukses Makmur Tbk (INDF) and its Bond VIII/2017. In addition, Pefindo also gave a "stable" outlook for INDF’s corporate rating.
This rating period is valid from April 2, 2020 to April 1, 2021. Based on Pefindo’s report, INDF's net profit at the end of 2019 reached Rp 4.90 trillion, an increase compared to the previous year of Rp 4.16 trillion.
This corporate rating reflects INDF’s superior market position in the packaged food industry, a well-diversified business portfolio, vertically integrated business operations, and strong cash flow protection measures. (LM)