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Rating is PEFINDO’s main activities.
The rating products conducted by PEFINDO are categorized
into two types:
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Company rating, which is also
called a General Obligation (GO) rating or an
issuer rating is an assessment of the overall
credit worthiness of a company, including those
that are planning to issue debt instruments, or
function as a guarantor, insurer, or other provider
of credit enhancement (Company rating, which is
also called a General Obligation (GO) rating or
an issuer rating is an assessment of the overall
credit worthiness of a company, including those
that are planning to issue debt instruments, or
function as a guarantor, insurer, or other provider
of credit enhancement (“obligor”)
to timely meet its financial commitments relative
to that of other Indonesian obligors. Counterparty
credit ratings are form of Company Ratings. Issuer
or Company Ratings do not automatically apply
to specific debt securities, as they do not take
into account the nature and provisions of the
debt security, its standing in bankruptcy proceedings
or liquidation, statutory preferences, or the
legality and enforceability of the debt security
itself. In addition, Issuer or Company Ratings
do not take into account the creditworthiness
of the guarantors, insurers, or other forms of
credit enhancement supporting the company’
-
Debt instrument rating, is
a rating reflecting the creditworthiness of an
obligor to timely meet its financial commitments
associated to a specific debt, bond, MTN, commercial
paper program or other financial instrument (Debt
instrument rating, is a rating reflecting the
creditworthiness of an obligor to timely meet
its financial commitments associated to a specific
debt, bond, MTN, commercial paper program or other
financial instrument (“obligation”
- Bond Rating for long-term debt period (more
than 5 years);
- Medium Term Notes (MTN) for 1-3 year period;
and
- Commercial Paper (CP) and Promissory Notes (PN)
for short-term period (below 1 year).
Rating
Requirements
Rating
Definitions
Rating
Process
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For
any inquiries, please contact Pinky at (6221) 521-0077 or Fax
at (6221) 521-0078 or by e-mail corpcom@pefindo.com
Copyright PEFINDO © 2001 - 2005
Setiabudi Atrium 8th Floor, suite 809-810
Jl. H.R. Rasuna Said Kav. 62, Jakarta 12920, Indonesia
Phone:(6221) 521-0077 Fax:(6221) 521-0078
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.
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