JAKARTA - PT Mandiri Tunas Finance managed to get an "idAA+" rating for its corporate rating and maturing bonds from PT Pemeringkat Efek Indonesia (Pefindo). The outlook for corporate rating is also considered stable.
The rating period is valid from May 6, 2020 to May 1, 2021. Mandiri Tunas Finance's total net profit at the end of December 2019 was Rp 445.4 billion, an increase compared to the previous year of Rp 403.3 billion.
In its report, Pefindo explained this rating reflects the status of MTF as a subsidiary of PT Bank Mandiri Tbk (BMRI) with an "idAAA" rating, strong business position, strong liquidity and financial flexibility, and strong asset quality. (LM)