IIF Achieves The 'AAA(idn)' Rank From Fitch Ratings

JAKARTA - PT Indonesia Infrastructure Finance (IIF) won the National Long-Term Rating IIF at the AAA(idn) level with a stable outlook set by Fitch Ratings as an international credit rating institution. Fitch Ratings also gave the International Long-Term Foreign & Local Currency Rating at the BBB level.

National Ranking 'AAA(idn)' is the highest on the Fitch National Ranking scale for Indonesia, reflecting the lowest risk expectations of default compared to other issuers.

This rating shows IIF's excellent ability to fulfill its payment obligations on time compared to other entities in the same country or monetary region, based on Fitch's National Ranking scale.

Fitch considers IIF as a very important entity for the Indonesian government, especially in supporting infrastructure development. Therefore, Fitch believes that if needed, the Indonesian government will provide full support to IIF, so that the IIF credit rating is the same as Indonesia's credit rating.

Interim Chief Executive Officer/ChiefFinancial Officer IIF, Rizki Pribadi Hasan said that the rating reflects the current role of IIF as a catalyst for sustainable infrastructure development.

"Since its establishment in 2010 to 2024, IIF has implemented more than 150 infrastructure financing commitments with a value of IDR 42.5 trillion. In addition, IIF has also issued an Environmentally Infrastructure Finance Perpetual Securities in 2023 with an emission value of IDR 335.19 billion on January 10, 2024," he said, in a written statement, Friday, January 31.

Rizki also added that the risk of infrastructure development is not only from the financial aspect but also from paying attention to the social and environmental impacts. Therefore, IIF has implemented the best practice based on international standards in credit management, risk management and all aspects of corporate governance and social and environmental protection in ensuring the sustainability of infrastructure development in Indonesia.