JAKARTA. PT Telkom Indonesia (Persero) Tbk (TLKM) is once again granted the rating of “idAAA’ or Triple-A from the Pemeringkat Efek Indonesia (Pefindo) regarding three of its bonds that amount to IDR 7.48 trillion in total.
Andi Setiawan, the VP of Investor Relations of Telkom, explains that the said rating would take effect starting June 10, 2021. until June 1, 2022. These bonds include Shelf-Registration Bond I Series A-D Year 2015 of IDR 7 trillion, Medium Term Notes (MTN) I Series C Year 2018 of IDR 296 billion, and MTN Syariah Ijarah I Series C Year 2018 of IDR 182 billion.
According to Salyadi Saputra, the President Director of Pefinso, Telkom Indonesia is deemed to have a solid long-term commitment. This commitment is even said to be sufficiently superior to other companies in Indonesia. In its official letter, Pefindo also gives an “idAAA” rating with a stable outlook to TLKM after evaluating its financial performance in 2020.
Based on idnfinancials.com data, TLKM owns cash and cash equivalent of IDR 20.59 trillion in December 2020. Meanwhile, its total equity amounts to IDR 120.89 trillion.
Then, 52% of TLKM’s stock is controlled by the Indonesian government as of December 31, 2020. Another 3.88% of its shares belong to the Bank of New York Mellon Corporation. The remaining 44.03% goes to the public investors. (KR/ZH)