Pefindo Sets BRPT Rating At Single A Plus Level

Photo: Doc. Barito Pacific

JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) has decided to rank PT Barito Pacific Tbk (BRPT) at the idA+ (Single A Plus) level, with the company's prospects in a stable position.

Based on the results of the analysis conducted by two Pefindo analysts, Ayuningtyas Nur Paramitasari and Kresna Piet Wiryawan, the determination of the idA+ rating with the Stable prospect shows that BRPT has a strong long-term financial commitment.

"Obligors with idA ratings have a strong ability compared to other Indonesian obligors to fulfill their long-term financial commitments," wrote President Director of Pefindo, Irmawati in a rating report released in Jakarta, Monday, November 11.

The determination of the BRPT rating is based on the company's data and information, as well as financial reports (unaudited) as of September 30, 2024 and as of December 31, 2023. The BRPT rating at the idA+ level with the prospect of being stable is valid during the period from November 8, 2024 to September 30, 2025.

"The added sign (+) shows that the rating given is relatively strong and above the average of the category concerned," said Irmawati.

In addition to the idA+ rating given to BRPT as a company, Pefindo also determined the same ranking on a number of debt securities issued by the company, namely Shelf-Registered Bonds I Phase II Series B Year 2020, Phase III Series C Year 2020 and Shelf-Registered Bonds II Phase I Series B Year 2021, Phase II Series A, Series B and Series C Year 2022.

Furthermore, Shelf-Registered Bonds III Phase I Series A, Series B and Series C Year 2023 and Phase II Series A and Series B Year 2023, as well as Phase III Series A and Series B Year 2024 issued by PT Barito Pacific Tbk worth IDR 4.24 trillion for the period 8 November 2024 to 1 November 2025.

Furthermore, Irmawati in her report stated that Pefindo also pinned the idA+ rating on Shelf-Registered Bonds I Phase I-2019 Series B issued by BRPT worth Rp271 billion for the period 8 November 2024 to 19 December 2024.