PEFINDO Credit Rating Indonesia - Products & Services

AFFILIATES

Rating Release

Rating Rationale

Rating Announcement

BOND/MTN Rating

Corporate (GO) Rating

Commercial Paper

Rating Methodology

Products & Services

Rating Services

Rating Process

Rating Requirements

Rating Definitions

Corporate Governance Scoring
& Asset-Backed Securities

Information Services

PEFINDO has formally obtained technical assistance from Standard and Poor's (S&P), which was started in July 1996. We adapt their methodology to be implied in our rating process. Analysts and directors periodically have the opportunities to participate in trainings performed by S&P in the form of courses and workshops. In addition, the technical assistance also includes brief visits, joint operation and consultancy.

This cooperation has been expanded to joint marketing to potential local companies. Together we work on PCA (Private Credit Analysis) profile, Corporate Governance Scoring and Asset-Backed Securities Rating on Indonesian companies. We also organize some events of seminars as a socialization effort to broaden our market in Indonesia.

PEFINDO is a member of Association of Credit Rating Agencies in Asia (ACRAA), which was the expansion of ASEAN Forum of Credit Rating Agencies (AFCRA) in September 2002 and currently has 19 rating agencies from 11 Asian countries (Indonesia, Malaysia, Thailand, Philippines, India, Pakistan, Taiwan, Japan, Bangladesh, People’s Republic of China and Korea) as its members. Following this action, the function and activities of ACRAA have become more strategic, not only merely in the form of trainings and information sharing in developing and improving the quality of its members’ ratings, but also expected to establish some standards, which could bridge cross-border investments among Asian investors.

PEFINDO will clearly disclose the relationship it has with its affiliate or any party (company) that is found to have any potential or factual conflict of interest on its rated company. The disclosure will be reported to BAPEPAM and written as a footnote on its issued rating certificate and rating rationale.

For any inquiries, please contact Pinky at (6221) 521-0077 or Fax at (6221) 521-0078 or by e-mail corpcom@pefindo.com

This document is for information only and for the use of the recipient. The ratings have been arrived by virtue of information supplied by applicants of which the accuracy and completeness are the sole responsibility of the applicants. These ratings do not constitute a recommendation to acquire, dispose of, or hold on to any debt instrument issued by virtue of, or related with, these ratings so that PEFINDO shall not liable for any damages/losses arising from, or related to, the utilization of these ratings does not advise nor give any option that any document issued by virtue of, or related to, these ratings are enforceable in accordance with its terms.