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About PEFINDO

About PEFINDO

Company Profile

PT Pemeringkat Efek Indonesia (PEFINDO) is established on 21 December 1993 by the initiative of the Capital Market Supervisory Agency/BAPEPAM (now Financial Services Authority or Otoritas Jasa Keuangan) and Bank Indonesia. As the first independent credit rating agency in Indonesia with a proven realibility, PEFINDO has a role to analyze of the probability of default of a company or a debt instrument in Indonesia.

Has been actively contributed for more than 25 years to provide credit rating service in Indonesia, PEFINDO has rated more than 1.100 entities and various capital market instruments, among others, Bonds and Subordinated Bonds, Sukuk (sharia/ Islamic bonds), Medium-Term Notes (MTN), Collective Investment Contracts Asset-Backed Securities, Mutual Funds, and Real Estate Investment Trust and Commercial Papers. For the purpose of supporting the proposed issuance of municipal bond in Indonesia, PEFINDO since 2011 also has started to analyze and rate the local government in Indonesia.

Apart from its rating services, PEFINDO also expanding its revenue by actively conducting research in Indonesia capital market by issuing its own indices i.e., PEFINDO25 and PEFINDO i-Grade as well as its publication products that has become one of consideration benchmark by Indonesia capital market players such as Indonesia Sectoral Review/ISR and Indonesia Rating Highlight/IRH and any other products that provide any information about Indonesia capital market.

Milestones

1993

The Company was established based on the Deed of Establishment No. 32 dated December 21, 1993, drawn up by Notary Abdul Latief, S.H.
1993

1994

Approval of the establishment of the company was issued by the Minister of Justice through the Letter No. C2-11.542.HT.01.01.TH.94 dated August 2, 1994.The Company started its operations after obtained the business license from BAPEPAM No. 39/PM-PI/1994 dated August 13, 1994.
1994

2008

The Company officially joined the Association of Credit Rating Agencies in Asia (ACRAA). To date, ACRAA has 27 rating agencies from 14 countries.
2008

2009

Launching of PEFINDO25 index and Equity Valuation Product.Entrusted to do municipal rating for the first time.
2009

2013

Launching of Beta Stock.
2013

2014

Establishment Company’s subsidiary PT PEFINDO Biro Kredit on November 10, 2014.
2014

2015

PT PEFINDO Biro Kredit obtained its business license from the Financial Services Authority (OJK) on December 22, 2015.
2015

2016

PEFINDO obtained ISO 9001:2008 certification from PT Sucofindo (Persero).
2016

2017

PEFINDO i-Grade index has been launched on December 21, 2017, with the cooperation of PT Bursa Efek Indonesia.
2017

2018

PEFINDO obtained ISO 9001:2015 recertification from PT Sucofindo (Persero) which is valid for the period 2018-2021.
2018

2019

PEFINDO for the first time has an asset in the form of office space at Equity Tower, SCBD, South Jakarta.
2019

2020

PEFINDO adapting the new habits due to pandemic Covid-19.
2020

2021

PEFINDO for the first time applies a Project Management Office (PMO) for PEFINDO’s projects completion.
2021

2022

PEFINDO implements Government Risk Compliance (GRC), a comprehensive concept in integrating the implementation of Risk Management, Good Corporate Governance, and Compliance.
2022