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Pefindo gives 'idA +' rating to JLB's bonds

10 June 2020 09:25

JAKARTA - Pemeringkat Efek Indonesia (Pefindo) gave 'idA +' rating for PT Jakarta Lingkar Baratsatu's (JLB) Bonds I/2018 Series A & B, with a total value of Rp 1.3 trillion, for the period of 4 June 2020-1 June 2021.

Salyadi Saputra, President Director of PT Pefindo said the rating was given based on the company's financial statements. "Debt securities with 'idA' ratings indicate the better ability of the obligor to meet long-term financial commitments compared to other obligors, " he said in a disclosure of information on Wednesday (10/6).

However, according to him, the ability of the obligor is susceptible to changes in economic conditions. (LK/AR)

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