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Ratings Report

Ratings Report

Peringkat Kredit adalah opini PEFINDO atas kelayakan kredit atas suatu obligor, atau kelayakan kredit obligor terkait suatu surat utang atau kewajiban keuangan lainnya.

Ratings Report

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Bussan Auto Finance

(BAFI)

Corporate Rating/Outlook idAAA Stable Updated on 12 Mar 2025

Press Release

To
Release Date Title
17 Jan 2008 PEFINDO assigned "idA" ratings to PT Bussan Auto Finance and the Company's proposed IDR 500 bn bond with "stable" outlook.
1 Oct 2009 PEFINDO assigned "idAA-" rating to PT Bussan Auto Finance Tbk.
4 Oct 2017 PEFINDO assigns "idAA" rating to PT Bussan Auto Finance's proposed bond
23 Feb 2018 PT Bussan Auto Finance's affirmed at "idAA"
27 Feb 2018 PT Bussan Auto Finance's proposed bond assigned at "idAA"
20 Sep 2018 PT Bussan Auto Finance's maturing bond affirmed at "idAA"
13 Feb 2019 PT Bussan Auto Finance affirmed at "idAA"
30 Aug 2019 PT Bussan Auto Finance's rating affirmed at "idAA"
8 Nov 2019 PT Bussan Auto Finance's Bond rating assigned at "idAA"
3 Apr 2020 PT Bussan Auto Finance's rating affirmed at "idAA"
31 Aug 2020 Rating of PT Bussan Auto Finance's maturing bond is affirmed at "idAA"
9 Apr 2021 PT Bussan Auto Finance's rating affirmed at "idAA"
14 Apr 2022 PT Bussan Auto Finance's rating raised to "idAAA"
8 Sep 2022 PEFINDO has affirmed its "idAAA" ratings for PT Bussan Auto Finance (BAFI)'s maturing Shelf Registered Bond III Year 2019 Series B amounting to IDR1.2 trillion due on November 07, 2022
8 Nov 2022 PEFINDO has withdrawn the rating of Obligasi III Bussan Auto Finance Tahun 2019 Seri B based on the full repayment of the debt instrument
16 Nov 2022 PEFINDO has affirmed its "idAAA" rating with stable outlook for PT Bussan Auto Finance (BAFI). At the same time, PEFINDO also assigns its "idAAA" rating for BAFI's Shelf Registered Bond II Year 2022 amounting to IDR3.0 trillion
17 May 2023 PEFINDO has affirmed its “idAAA” rating for PT Bussan Auto Finance (BAFI)’s maturing Shelf Registered Bond II Phase I Year 2022 Series A amounting to IDR88.5 billion due on July 15, 2023.
17 Jul 2023 With the full repayment of Obligasi Berkelanjutan II Bussan Auto Finance Tahap I Tahun 2022 Seri A on July 17, 2023, PEFINDO has withdrawn the rating of the debt instrument
13 Nov 2023 PEFINDO has affirmed its “idAAA” ratings for PT Bussan Auto Finance (BAF) and its Shelf Registered Bond II Year 2022
13 Dec 2023 With the full repayment of Obligasi Berkelanjutan II Bussan Auto Finance Tahap II Tahun 2022 Seri A on December 12, 2023, PEFINDO has withdrawn the rating of the debt instrument
22 Feb 2024 PEFINDO has affirmed its “idAAA” rating for PT Bussan Auto Finance (BAF)’s maturing Shelf Registered Bond II Phase III Year 2023 Series A amounting to IDR401.0 billion due on April 28, 2024
20 Mar 2024 PEFINDO has affirmed its idAAA ratings for PT Bussan Auto Finance (BAF), and its outstanding Shelf Registered Bond II Year 2022
29 Apr 2024 With the full repayment of Obligasi Berkelanjutan II Bussan Auto Finance Tahap III Tahun 2023 Seri A on April 29, 2024, issued by PT Bussan Auto Finance, PEFINDO has withdrawn the rating of the debt instrument
1 Jul 2024 PEFINDO has affirmed its idAAA ratings for PT Bussan Auto Finance (BAF), and its outstanding Shelf Registered Bond II Year 2022
12 Mar 2025 PEFINDO has affirmed its idAAA rating with stable outlook for PT Bussan Auto Finance (BAF) and its outstanding Shelf-Registered (SR) Bond II Year 2022 and SR Bond III Year 2024
9 Apr 2025 PT Bussan Auto Finance (BAF)’s Shelf Registered Bond II Phase I Year 2022 Series B (rated idAAA) of IDR11.5 billion will be due on July 5, 2025
7 Jul 2025 PT Bussan Auto Finance has fully repaid its Obligasi Berkelanjutan II Bussan Auto Finance Tahap I Tahun 2022 Seri B
15 Jul 2025 PT Bussan Auto Finance has fully repaid its Obligasi Berkelanjutan III Bussan Auto Finance Tahap I Tahun 2024 Seri A (rated idAAA) amounting to IDR781,460,000,000 on July 15, 2025. Accordingly, PEFINDO has withdrawn the rating of the said debt instrument.
15 Aug 2025 PT Bussan Auto Finance (BAF)’s Shelf Registered Bond II Phase II Year 2022 Series B (rated idAAA) of IDR545.0 billion will be due on December 2, 2025
10 Sep 2025 PT Bussan Auto Finance (BAF)’s Shelf Registered Bond III Phase II Year 2024 Series A (rated idAAA) of IDR1.3 trillion will be due on December 6, 2025
2 Dec 2025 PT Bussan Auto Finance has fully repaid its Obligasi Berkelanjutan II Bussan Auto Finance Tahap II Tahun 2022 Seri B
8 Dec 2025 PT Bussan Auto Finance has fully repaid its Obligasi Berkelanjutan III Bussan Auto Finance Tahap II Tahun 2024 Seri A
14 Jan 2026 PT Bussan Auto Finance (BAF)’s Shelf Registered Bond II Phase III Year 2023 Series B (rated idAAA) of IDR841.0 billion will be due on April 18, 2026

Rating Rationale

To
Release Date Title
17 Jan 2008 PEFINDO assigned "idA" ratings to PT Bussan Auto Finance (BAFN or the Company) and the Company's proposed IDR 500 bn bond
1 Oct 2009 PEFINDO assigned "idAA-" rating to PT Bussan Auto Finance Tbk (BAFN or the Company)
4 Oct 2017 PEFINDO assigns "idAA" rating to PT Bussan Auto Finance's proposed bond
27 Feb 2018 PT Bussan Auto Finance's proposed bond assigned at "idAA"
13 Feb 2019 PT Bussan Auto Finance affirmed at "idAA"
30 Aug 2019 PT Bussan Auto Finance's rating affirmed at "idAA"
8 Nov 2019 PT Bussan Auto Finance's Bond rating assigned at "idAA"
14 Apr 2022 PT Bussan Auto Finance's rating raised to "idAAA"
14 Dec 2022 PEFINDO has affirmed its "idAAA" rating with stable outlook for PT Bussan Auto Finance (BAFI)
7 Dec 2023 PEFINDO has affirmed its “idAAA” ratings for PT Bussan Auto Finance (BAF) and its Shelf Registered Bond II Year 2022
24 Apr 2024 PEFINDO has affirmed its idAAA ratings for PT Bussan Auto Finance (BAF), and its outstanding Shelf Registered Bond II Year 2022
1 Jul 2024 PEFINDO has affirmed its idAAA ratings for PT Bussan Auto Finance (BAF), and its outstanding Shelf Registered Bond II Year 2022
14 Apr 2025 PEFINDO has affirmed its idAAA rating with stable outlook for PT Bussan Auto Finance (BAF) and its outstanding Shelf-Registered (SR) Bond II Year 2022 and SR Bond III Year 2024