JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) affirmed its "idAAA" rating for two bonds issued by PT Adira Dinamika Multi Finance TBk (ADMF) which will mature in August.
ADMF’s Shelf Registered Bond IV Phase III/2018 Series B with a principal of Rp 119 billion will mature on August 16, 2020 and Shelf Registered Bond III Phase II/2015 Series C amounting to Rp 277 billion will mature on August 25, 2020.
Based on Pefindo's report, ADMF's readiness to repay its maturing bonds is supported by its cash and cash equivalents of Rp 2.2 trillion at the end of March 2020 (1Q2020) and financing receivable collections of Rp 3.8 trillion per month. (LM)