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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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Jasa Marga (Persero) Tbk.

(JSMR)

Corporate Rating/Outlook idAA Stable Updated on 6 Mar 2025

Press Release

To
Release Date Title
12 Nov 2004 PEFINDO affirmed "idA+" ratings for PT (Persero) Jasa Marga.
11 Nov 2005 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the Company).
15 Jun 2006 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the Company) and the Company's outstanding Bond.
26 Jan 2007 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga.
8 Jun 2007 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the Company) and the Company's outstanding bonds totaling to IDR3,735.26 billion.
12 May 2008 PEFINDO upgraded its ratings for PT Jasa Marga (Persero) Tbk. and its outstanding bonds totaling to IDR4.15 trillion to "idAA-" from "idA+".
13 Jul 2009 PEFINDO affirmed its ratings for PT Jasa Marga (Persero) Tbk. and its outstanding bonds totaling to IDR4.15 trillion at "idAA-"
10 Jun 2010 PEFINDO upgraded its ratings for PT Jasa Marga (Persero) Tbk. to "idAA" from "idAA-".
17 Sep 2010 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk.
1 Oct 2010 PEFINDO affirmed "idAA" rating of Bond X/2002 series O of PT Jasa Marga (Persero) Tbk, which will mature on December 4, 2010.
7 Jul 2011 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk.
2 Jul 2012 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk.
31 Jan 2013 PEFINDO's Government-Related Entities Rating Methodology
28 Jun 2013 PEFINDO Affirmed "idAA" Ratings for Jasa Marga
6 Sep 2013 PEFINDO Assigned "idAA" Rating for JSMR's Proposed Shelf Registered Bonds I/2013
5 Jun 2014 PEFINDO Affirmed "idAA" Ratings for PT Jasa Marga (Persero) Tbk
23 Jul 2014 PEFINDO affirmed "idAA" for Jasa Marga's shelf registration bond I phase I year 2013 Seri S-A
9 Jun 2015 PEFINDO affirmed "idAA" ratings for PT Jasa Marga (Persero) Tbk, outlook revised to negative
9 Jun 2016 PEFINDO affirmed "idAA" rating for PT Jasa Marga (Persero) Tbk, maintained negative outlook
13 Jun 2017 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds, revises outlook to stable
8 Jun 2018 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds with stable outlook
28 Aug 2018 PEFINDO affirms "idAA" rating for PT Jasa Marga (Persero) Tbk's maturing bond
18 Jun 2019 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds with stable outlook
18 Jul 2019 PEFINDO affirms "idAA" rating for PT Jasa Marga (Persero) Tbk's maturing bond
21 Jan 2020 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and JSMR's bond
13 May 2020 PEFINDO lowers the ratings for PT Jasa Marga (Persero) Tbk and its bond to "idAA-"
13 Aug 2020 "idAA-" rating for PT Jasa Marga (Persero) Tbk's maturing bond
19 Aug 2020 PEFINDO assigns "idAA-" rating for PT Jasa Marga (Persero) Tbk's Shelf Registered Bond Year 2020
1 Oct 2020 PEFINDO assigns "idA1+" rating for PT Jasa Marga (Persero) Tbk's Commercial Paper
4 May 2021 PT Jasa Marga (Persero) Tbk rated "idAA-"
9 Aug 2021 "idA1+" rating for PT Jasa Marga (Persero) Tbk's maturing commercial paper
11 May 2022 PT Jasa Marga (Persero) Tbk rated "idAA-" with outlook revised to positive
1 Dec 2022 PEFINDO has raised the rating of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II to "idAA" from previously "idAA-"
12 Jun 2023 PEFINDO has affirmed its “idAA” rating for PT Jasa Marga Shelf Registered Bond II/2020 Phase I Seri A of IDR1.1 trillion
8 Sep 2023 With the full repayment of Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri A issued by PT Jasa Marga (Persero) Tbk on September 8, 2023, PEFINDO has withdrawn the rating of the debt instrument
14 Nov 2023 PEFINDO has affirmed the rating of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II at idAA
26 Mar 2024 PEFINDO has affirmed the ratings of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II at idAA
28 Jun 2024 PEFINDO has assigned its idAA rating for PT Jasa Marga (Persero) Tbk (JSMR)’s proposed Shelf Registered (SR) Bond III, amounting to a maximum of IDR4 trillion
6 Mar 2025 PEFINDO has affirmed the ratings of PT Jasa Marga (Persero) Tbk (JSMR) and its outstanding bonds at idAA
14 Aug 2025 PT Jasa Marga (Persero) Tbk (JSMR)’s Shelf Registered (SR) Bond II Phase I Year 2020 Serie B (rated idAA) of IDR286 billion will be due on September 8, 2025
8 Sep 2025 PT Jasa Marga (Persero) Tbk has fully repaid its Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri B

Rating Rationale

To
Release Date Title
11 Nov 2005 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the company).
15 Jun 2006 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the Company) and the Company's outstanding Bond VIII of IDR150 bn, Bond IX of IDR400 bn, Bond X of IDR650 bn, and Bond XI of IDR1.0 trillion.
26 Jan 2007 PEFINDO affirmed its "idA+" ratings for PT (Persero) Jasa Marga (JAMG or the Company)
12 May 2008 PEFINDO upgraded its ratings for PT Jasa Marga (Persero) Tbk. (JSMR or the Company)
13 Jul 2009 PEFINDO affirmed its ratings for PT Jasa Marga (Persero) Tbk. (JSMR or the Company)
10 Jun 2010 PEFINDO upgraded its ratings for PT Jasa Marga (Persero) Tbk. (JSMR or the Company)
17 Sep 2010 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk
7 Jul 2011 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk,
12 Jul 2012 PEFINDO affirmed its "idAA" ratings of PT Jasa Marga (Persero) Tbk, hereinafter referred to as JSMR or the Company and its outstanding bonds totaling IDR5.0 trillion.
28 Jun 2013 PEFINDO Affirmed "idAA" Ratings for Jasa Marga
6 Sep 2013 PEFINDO Assigned "idAA" Rating for JSMR's Proposed Shelf Registered Bonds I/2013
5 Jun 2014 PEFINDO Affirmed "idAA" Ratings for PT Jasa Marga (Persero) Tbk
9 Jun 2015 PEFINDO affirmed "idAA" ratings for PT Jasa Marga (Persero) Tbk, outlook revised to negative
9 Jun 2016 PEFINDO affirmed "idAA" rating for PT Jasa Marga (Persero) Tbk, maintained negative outlook
13 Jun 2017 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds, revises outlook to stable
8 Jun 2018 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds with stable outlook
10 Jul 2019 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bonds, with a stable outlook
14 Feb 2020 PEFINDO affirms "idAA" ratings for PT Jasa Marga (Persero) Tbk and its bond
13 May 2020 PEFINDO menurunkan peringkat untuk PT Jasa Marga (Persero) Tbk dan obligasinya menjadi "idAA-"
19 Aug 2020 PEFINDO assigns "idAA-" rating for PT Jasa Marga (Persero) Tbk's Shelf Registered Bond Year 2020
1 Oct 2020 PEFINDO assigns "idA1+" rating for PT Jasa Marga (Persero) Tbk's Commercial Paper
4 May 2021 PT Jasa Marga (Persero) Tbk rated "idAA-"
11 May 2022 PT Jasa Marga (Persero) Tbk rated "idAA-" with outlook revised to positive
20 Dec 2022 PEFINDO has raised the rating of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II to idAA from previously idAA-
22 Nov 2023 PEFINDO has affirmed the rating of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II at idAA
5 Apr 2024 PEFINDO has affirmed the ratings of PT Jasa Marga (Persero) Tbk (JSMR) and its Shelf Registered Bond II at idAA
28 Jun 2024 PEFINDO has assigned its idAA rating for PT Jasa Marga (Persero) Tbk (JSMR)’s proposed Shelf Registered (SR) Bond III, amounting to a maximum of IDR4 trillion
7 Mar 2025 PEFINDO has affirmed the ratings of PT Jasa Marga (Persero) Tbk (JSMR) and its outstanding bonds at idAA