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Ratings Report

Ratings Report

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Ratings Report

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Federal International Finance

(FIFA)

Corporate Rating/Outlook idAAA Stable Updated on 11 Mar 2025

Press Release

To
Release Date Title
10 Jan 2005 PEFINDO affirmed the ratings for PT Federal International Finance (FIFN or the Company) at "idA+".
3 Oct 2005 PEFINDO affirmed its ratings for PT Federal International Finance at "idA+".
21 Mar 2006 PEFINDO affirmed its ratings for PT Federal International Finance at "idA+".
9 Apr 2007 PEFINDO affirmed its ratings for PT Federal International Finance (FIFN or the Company) and the Company's outstanding Bonds II, III, IV, V, and VI at "idA+".
14 Apr 2008 PEFINDO upgraded its ratings for PT Federal International Finance to "idAA-" from "idA+".
4 Sep 2008 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance and the Company's outstanding Bonds VI/2006, VII/2007, and VIII/2008.
6 Apr 2009 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance and the Company's outstanding Bonds.
8 Feb 2010 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance.
14 Jan 2011 PEFINDO upgraded the ratings of PT Federal International Finance and its outstanding Bonds to "idAA" from "idAA-".
27 Feb 2011 PEFINDO affirmed its "idAA" ratings of PT Federal International Finance and its outstanding bonds and at the same time assigned "idAA" rating for the Company's proposed Bonds XI/2011.
8 Jul 2011 PEFINDO affirmed its "idAA" rating for PT Federal International Finance's MTN II/2009 serie A, serie B which will fall due on October 20, 2011, as well as MTN II/2009 serie C which will mature on October 28, 2011.
18 Oct 2011 PEFINDO affirmed its "idAA" rating for PT Federal International Finance's MTN III/2010, which will fall due on January 27, 2012.
6 Dec 2011 PEFINDO raised the ratings of PT Federal International Finance to "idAA+" from "idAA".
19 Jan 2012 PEFINDO affirmed its "idAA+" rating to PT Federal International Finance's bond IX/2009 series C which will fall due on April 29, 2012, Bond X/2010 series B which will fall due on April 29, 2012, and Bond XI/2011 series A which will fall due on May 1, 2012
1 Feb 2012 PEFINDO affirmed its "idAA+" ratings of PT Federal International
2 Apr 2012 PEFINDO affirmed its "idAA+" ratings of PT Federal International
14 Nov 2012 PEFINDO's Parent Support Methodology
18 Jan 2013 FIF's maturing Bonds maintained at "idAA+" rating.
5 Feb 2013 PT Federal International Finance ratings affirmed at "idAA+"
10 Feb 2014 PT Federal International Finance ratings affirmed at "idAA+"
6 Oct 2014 Federal International Finance's ratings raised to "idAAA" from "idAA+"
3 Feb 2015 Federal International Finance ratings affirmed at "idAAA"
26 Mar 2015 FIF's proposed Shelf Registration Bonds II assigned at "idAAA"
4 Feb 2016 FIFA's rating affirmed at "idAAA"
31 Mar 2016 Rating for FIFA's maturing Shelf-Registration Bond affirmed at "idAAA"
5 Sep 2016 Rating for FIFA's maturing Shelf-Registration Bond affirmed at "idAAA"
10 Feb 2017 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIFA)
29 Mar 2017 "idAAA" rating for PT Federal International Finance (FIFA)'s proposed Shelf Registration Bond III Year 2017
15 Aug 2017 Rating for FIFA's maturing Shelf-Registration Bond affirmed at "idAAA"
9 Feb 2018 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
10 Aug 2018 Rating for FIF's maturing Bonds affirmed at "idAAA"
6 Feb 2019 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
26 Mar 2019 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
10 May 2019 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
10 Jul 2019 Rating for PT Federal International Finance's maturing Shelf Registered Bonds affirmed at "idAAA"
26 Jul 2019 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
14 Jan 2020 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
14 Feb 2020 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
11 Mar 2020 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
28 Apr 2020 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
18 Aug 2020 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
5 Feb 2021 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
8 Mar 2021 Federal International Finance rated "idAAA" with stable outlook
3 Jun 2021 Federal International Finance rated "idAAA" with stable outlook
26 Jul 2021 Rating for PT Federal International Finance's maturing Shelf Registered Bonds affirmed at "idAAA"
7 Jan 2022 Rating for PT Federal International Finance's maturing Shelf Registered Bond affirmed at "idAAA"
7 Mar 2022 Federal International Finance rated "idAAA" with stable outlook
20 Jun 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan V Federal International Finance Tahap I Tahun 2021 Seri A issued by PT Federal International Finance based on the full repayment of the debt instrument
27 Jun 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan IV Federal International Finance Tahap I Tahun 2019 Seri B based on the full repayment of the debt instrument
8 Sep 2022 PEFINDO has affirmed its "idAAA" rating to PT Federal International Finance (FIF)'s Shelf-Registration Bond V Phase II/2021 Series A of IDR975.3 billion that will mature on November 7, 2022
7 Nov 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan V Federal International Finance Tahap II Tahun 2021 Seri A based on the full repayment of the debt instrument
31 Jan 2023 PEFINDO has affirmed its "idAAA" rating to PT Federal International Finance (FIF)'s Shelf-Registration Bond V Phase III/2022 Series A of IDR1,193.0 billion
13 Mar 2023 PEFINDO has affirmed its “idAAA” ratings to PT Federal International Finance (FIF) and its outstanding bonds.
5 Apr 2023 With the full repayment of Obligasi Berkelanjutan V Federal International Finance Tahap III Tahun 2022 Seri A on April 5, 2023, PEFINDO has withdrawn the rating of the debt instrument
6 Jul 2023 PEFINDO has affirmed its “idAAA” ratings to PT Federal International Finance (FIF) and its outstanding bonds.
9 Oct 2023 With the full repayment of Obligasi Berkelanjutan IV Federal International Finance Tahap II Tahun 2020 Seri B issued by PT Federal International Finance on October 9, 2023, PEFINDO has withdrawn the rating of the debt instrument
11 Oct 2023 PEFINDO has affirmed its “idAAA” rating to PT Federal International Finance (FIF)’s Shelf-Registration Bond V Phase IV/2022 Series A of IDR500.8 billion that will mature on November 8, 2023
8 Nov 2023 With the full repayment of Obligasi Berkelanjutan V Federal International Finance Tahap IV Tahun 2022 Seri A on November 8, 2023, PEFINDO has withdrawn the rating of the debt instrument
22 Dec 2023 PEFINDO has affirmed its “idAAA” rating to PT Federal International Finance (FIF)’s Shelf-Registration Bond V Phase V/2023 Series A of IDR1,035.2 billion that will mature on March 5, 2024
5 Mar 2024 With the full repayment of Obligasi Berkelanjutan V Federal International Finance Tahap V Tahun 2023 Seri A on March 5, 2024, PEFINDO has withdrawn the rating of the debt instrument
7 Mar 2024 PEFINDO has affirmed its idAAA ratings with stable outlook to PT Federal International Finance (FIF) and its outstanding bonds
13 May 2024 PT Federal International Finance (FIF)’s following debt instrument will mature in the near term: Shelf Registration Bond VI Phase I Year 2023 Series A (rated idAAA) of IDR566.2 billion maturing on July 21, 2024
10 Jun 2024 With the full repayment of Obligasi Berkelanjutan V Federal International Finance Tahap I Tahun 2021 Seri B on June 10, 2024, issued by PT Federal International Finance, PEFINDO has withdrawn the rating of the debt instrument
22 Jul 2024 With the full repayment of Obligasi Berkelanjutan VI Federal International Finance Tahap I Tahun 2023 Seri A on July 22, 2024, issued by PT Federal International Finance, PEFINDO has withdrawn the rating of the debt instrument
15 Aug 2024 PT Federal International Finance (FIF)’s following debt instruments will mature in the near term: Shelf Registration Bond V Phase II Year 2021 Series B (rated idAAA) of IDR774.7 billion maturing on October 27, 2024
28 Oct 2024 With the full repayment of Obligasi Berkelanjutan V Federal International Finance Tahap II Tahun 2021 Seri B on October 28, 2024, issued by PT Federal International Finance, PEFINDO has withdrawn the rating of the debt instrument
26 Nov 2024 With the full repayment of Obligasi Berkelanjutan VI Federal International Finance Tahap II Tahun 2023 Seri A on November 26, 2024, issued by PT Federal International Finance, PEFINDO has withdrawn the rating of the debt instrument
3 Dec 2024 PT Federal International Finance (FIF)’s following debt instrument will mature in the near term: Shelf Registration Bond V Phase III Year 2022 Series B (rated idAAA) of IDR807.0 billion maturing on March 25, 2025
16 Jan 2025 PT Federal International Finance (FIF)’s following debt instrument will mature in the near term: Shelf Registration Bond VI Phase III Year 2024 Series A (rated idAAA) of IDR1,109.4 billion maturing on April 12, 2025
11 Mar 2025 PEFINDO has affirmed its idAAA ratings with stable outlook to PT Federal International Finance (FIF) and its outstanding bonds
25 Mar 2025 PT Federal International Finance has fully repaid its Obligasi Berkelanjutan V Federal International Finance Tahap III Tahun 2022 Seri B
14 Apr 2025 PT Federal International Finance has fully repaid its Obligasi Berkelanjutan VI Federal International Finance Tahap III Tahun 2024 Seri A
22 May 2025 PT Federal International Finance (FIF)’s Shelf Registered Bond VI Phase IV Year 2024 Series A (rated idAAA) of IDR1,252.2 billion will be due on September 16, 2025
11 Jul 2025 PT Federal International Finance (FIF)’s Shelf Registered Bond V Phase IV Year 2022 Series B (rated idAAA) of IDR676.2 billion will be due on October 28, 2025
16 Sep 2025 PT Federal International Finance has fully repaid its Obligasi Berkelanjutan VI Federal International Finance Tahap IV Tahun 2024 Seri A
28 Oct 2025 PT Federal International Finance has fully repaid its Obligasi Berkelanjutan V Federal International Finance Tahap IV Tahun 2022 Seri B
5 Nov 2025 PT Federal International Finance (FIF)’s Shelf Registered Bond V Phase V Year 2023 Series B (rated idAAA) of IDR1,964.8 billion will be due on February 24, 2026
9 Jan 2026 PT Federal International Finance (FIF)’s Shelf Registered Bond VI Phase V Year 2025 Series A (rated idAAA) of IDR1,640.2 billion will be due on April 25, 2026

Rating Rationale

To
Release Date Title
3 Oct 2005 PEFINDO affirmed its ratings for PT Federal International Finance (FIFN or the Company) and the Company's outstanding Bonds II, III, IV, and V totaled to about IDR2.4 trillion at "idA+".
21 Mar 2006 PEFINDO affirmed its ratings for PT Federal International Finance (FIFN or the Company) and the Company's outstanding Bonds II, III, IV, and V at "idA+", at the same time assigned "idA+" rating to the Company proposed Bonds VI/2006 amo
14 Apr 2008 PEFINDO upgraded its ratings for PT Federal International Finance (FIFN or the Company)
4 Sep 2008 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance (FIFN or the Company)
6 Apr 2009 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance (FIFN or the Company)
8 Feb 2010 PEFINDO affirmed "idAA-" ratings for PT Federal International Finance (FIFA or the Company)
27 Feb 2011 PEFINDO affirmed its "idAA" ratings of PT Federal International Finance (FIFA or the Company)
6 Dec 2011 PEFINDO raised the ratings of PT Federal International Finance (FIFA or the Company)
8 Oct 2012 PEFINDO affirmed its "idAA+" ratings of PT Federal International Finance (FIFA or the Company) and its outstanding bonds with total amount of IDR4.7 trillion.
10 Feb 2014 PT Federal International Finance ratings affirmed at "idAA+"
6 Oct 2014 Federal International Finance's ratings raised to "idAAA" from "idAA+"
3 Feb 2015 Federal International Finance ratings affirmed at "idAAA"
26 Mar 2015 FIF's proposed Shelf Registration Bonds II assigned at "idAAA"
4 Feb 2016 FIFA's rating affirmed at "idAAA"
10 Feb 2017 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIFA)
29 Mar 2017 "idAAA" rating for PT Federal International Finance (FIFA)'s proposed Shelf Registration Bond III Year 2017
9 Feb 2018 PEFINDO affirms "idAAA" rating for PT Federal International Finance (FIF)
10 May 2019 Federal International Finance rated "idAAA" with stable outlook
3 Jun 2021 Federal International Finance rated "idAAA" with stable outlook
7 Mar 2022 Federal International Finance rated "idAAA" with stable outlook
13 Mar 2023 PEFINDO has affirmed its “idAAA” ratings to PT Federal International Finance (FIF) and its outstanding bonds
6 Jul 2023 PEFINDO has affirmed its “idAAA” ratings to PT Federal International Finance (FIF) and its outstanding bonds.
3 Apr 2024 PEFINDO has affirmed its idAAA ratings with stable outlook to PT Federal International Finance (FIF) and its outstanding bonds
21 Mar 2025 PEFINDO has affirmed its idAAA ratings with stable outlook to PT Federal International Finance (FIF) and its outstanding bonds