HomeNewsVideos

Pefindo affirms its rating for PLN

14 April 2020 06:31

JAKARTA - Pemeringkat Efek Indonesia (Pefindo) has affirmed the "idAAA" rating with stable outlook given to o PT Perusahaan Listrik Negara (Persero). The rating was given based on the company's data owned by Pefindo and also its unaudited 2019 financial statements. 

Selyadi Saputra, President Director of PT Pefindo said that the rating was the highest that his party can give to a company.  The rating reflects that the company's ability to meet its long-term financial commitments is superior compared to other companies. 

According to him, the rating does not apply to certain securities issued by the company, because it does not take into account the various provisions of the securities, the level of protection, and several other factors. 

However, the rating does apply for PLN's Shelf Registration Bonds issued in 2018-2020, with a total value of Rp 16 trillion. (LK/AR)

© 2024 - IDN Financials - All Rights Reserved.