IIF Achieves AAA Ranking With Stable Outlook From Fitch

Rupiah (Photo: Antara)

JAKARTA - PT Indonesia Infrastructure Finance (IIF) won the long-term national long-term rating at the AAA (idn) level with the stable outlook (outlook) set by the international credit rating agency, Fitch Ratings.

IIF CEO Rizki Pribadi Hasan said that the rating reflects the current role of IIF as a catalyst for infrastructure development.

Fitch also ranks International Long-Term and Short-Term Foreign & Local Currency Rating at the BBB level at this infrastructure financing institution.

"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 Introspective Perpetual Securities for Indonesia Infrastructure Finance in 2023 with an emission value of IDR 335.19 billion on January 10, 2024," he quoted Antara as saying.

AAA National Ranking (idn) is the highest on the scale of Fitch's national ranking for Indonesia which reflects the lowest risk expectations of default compared to other issuers. This rating, called Rizki, shows IIF's 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.

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

As for 2024, IIF supports the financing for the development of several infrastructure projects, including the Cimanggis-Cibitung Toll Road project as part of a national strategic project to a hydro power plant project (PLTMH).

IIF also signed a financing agreement for hotel construction projects, construction centers, and basic infrastructure in the Sanur Special Economic Zone, Bali, which is intended for the development of health services and hospitality.

From the renewable energy sector, in December 2024, IIF has signed a PLTMH project financing agreement with a capacity of 3x2 MW in the Kaur Regency, Bengkulu.