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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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Pegadaian

(PPGD)

Corporate Rating/Outlook idAAA Stable Updated on 12 Mar 2025

Press Release

To
Release Date Title
11 Jul 2005 PEFINDO affirmed the ratings of "idAA" for Perum Pegadaian.
19 Apr 2006 PEFINDO affirmed its ratings of "idAA" for Perum Pegadaian (PUPG or the Company) and the Company's Bonds VI-X totaling IDR1,237.24 billion.
26 Jun 2008 PEFINDO upgraded the ratings of Perum Pegadaian to "idAA+" from "idAA"
11 Jun 2009 PEFINDO affirmed the "idAA+" ratings of Perum Pegadaian.
16 Feb 2010 PEFINDO reaffirmed its "idAA+" rating to Perum Pegadaian.
18 Jun 2010 PEFINDO affirmed the "idAA+" ratings of Perum Pegadaian.
17 Mar 2011 PEFINDO reaffirmed its "idAA+" rating for Perum Pegadaian and the Company's outstanding Bond X Series A Year 2003, which will mature on July 11, 2011.
6 Jun 2011 PEFINDO affirmed its "idAA+" ratings of Perum Pegadaian.
11 Oct 2011 PEFINDO affirmed its "idAA+" ratings of Perum Pegadaian.
29 Jun 2012 PEFINDO affirmed its "idAA+" ratings of PT Pegadaian (Persero).
31 Oct 2012 PT Pegadaian (Persero) will fulfill its maturing bond obligation by using its existing fund sources.
31 Jan 2013 PEFINDO's Government-Related Entities Rating Methodology
5 Jun 2013 PEFINDO assigned "idAA+" rating for PT Pegadaian (Persero)'s proposed Shelf Registration Bond II/2013 issuance
5 May 2014 PT Pegadaian (Persero)'s rating affirmed at "idAA+"
11 Aug 2014 Rating of PT Pegadaian (Persero)'s maturing bond affirmed at "idAA+"
4 Dec 2014 Rating of PT Pegadaian (Persero)'s maturing bond affirmed at "idAA+"
13 Apr 2015 PT Pegadaian (Persero)'s rating affirmed at "idAA+"
29 Apr 2015 Rating of PT Pegadaian (Persero)'s maturing bond affirmed at "idAA+"
11 Apr 2016 PT Pegadaian (Persero)'s rating affirmed at "idAA+"
3 Jun 2016 PT Pegadaian (Persero)'s maturing bond rating affirmed at "idAA+"
19 Aug 2016 The rating of Pegadaian's maturing Bond maintained at "idAA+"
27 Dec 2016 The rating of Pegadaian's maturing Bond maintained at "idAA+"
7 Apr 2017 PEFINDO upgrades PT Pegadaian (Persero)'s rating to "idAAA" from "idAA+"
12 Jun 2017 PEFINDO affirms "idAAA" rating to PT Pegadaian (Persero)'s maturing bonds
22 Jun 2017 PEFINDO affirms "idAAA" rating to PT Pegadaian (Persero)
14 Aug 2017 PEFINDO affirms "idAAA" rating to PT Pegadaian (Persero)'s maturing bonds
26 Jan 2018 PEFINDO affirms "idAAA" rating to PT Pegadaian (Persero)
22 Mar 2018 PEFINDO assigns "idAAA" rating to PT Pegadaian (Persero)'s Sharia Medium Term Notes 2018
4 May 2018 Ratings of Pegadaian's maturing Bonds are maintained at "idAAA"
2 Oct 2018 Rating of Pegadaian's maturing Bond is maintained at "idAAA"
9 Jan 2019 PEFINDO affirms "idAAA" rating for Pegadaian
3 May 2019 Ratings of Pegadaian's maturing Bonds are maintained at "idAAA"
10 Jan 2020 PEFINDO affirms "idAAA" rating for Pegadaian
18 Feb 2020 PEFINDO affirms "idAAA" rating for Pegadaian
12 May 2020 Pegadaian's maturing bond's rating affirmed at "idAAA"
28 May 2020 PEFINDO assigns "idAAA" rating to Pegadaian's Shelf Reg. Bond IV/2020 and "idAAA(sy)" to Sukuk I/2020
3 Aug 2020 Pegadaian's maturing bond's rating affirmed at "idAAA"
30 Dec 2020 Pegadaian's maturing MTN and bond's rating affirmed at "idAAA"
10 Feb 2021 PEFINDO affirms "idAAA" rating for Pegadaian
19 Mar 2021 PEFINDO affirms "idAAA" rating for Pegadaian
18 May 2021 Pegadaian's maturing bond affirmed at "idAAA"
31 May 2021 Pegadaian's Surat Berharga Komersial I/2021 rated "idA1+"
2 Aug 2021 Pegadaian's maturing bonds affirmed at "idAAA"
10 Feb 2022 PEFINDO affirms "idAAA" rating for Pegadaian
28 Mar 2022 Pegadaian's maturing SBK is affirmed "idA1+"
9 May 2022 PEFINDO assigns "idAAA" rating to Pegadaian's Shelf Registration Bond V/2022 and "idAAA(sy)" to Shelf Registration Sukuk Mudharabah II/2022
3 Aug 2022 PEFINDO has affirmed its "idAAA" rating for PT Pegadaian's Shelf Registration Bond III Phase I/2017 Series C of IDR1.0 trilion, which is maturing on October 3, 2022
3 Oct 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan III Pegadaian Tahap I Tahun 2017 Seri C based on the full repayment of the debt instrument
22 Dec 2022 PEFINDO has affirmed its "idAAA" rating for PT Pegadaian's maturing debt
3 Feb 2023 PEFINDO has affirmed its “idAAA” ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
3 Feb 2023 PEFINDO has affirmed its "idAAA" ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
16 Mar 2023 With the full repayment of Obligasi Berkelanjutan III Pegadaian Tahap II Tahun 2018 Seri C on March 16, 2023, PEFINDO has withdrawn the rating of the debt instrument
8 May 2023 With the full repayment of Obligasi Berkelanjutan V Pegadaian Tahap I Tahun 2022 Seri A and Sukuk Mudharabah Berkelanjutan II Pegadaian Tahap I Tahun 2022 Seri on May 8, 2023, PEFINDO has withdrawn the ratings of the debt instruments
9 May 2023 PEFINDO has affirmed its “idAAA” rating for PT Pegadaian’s maturing bonds
15 May 2023 With the full repayment of Obligasi Berkelanjutan IV Pegadaian Tahap I Tahun 2020 Seri B and Sukuk Mudharabah Berkelanjutan I Pegadaian Tahap I Tahun 2020 Seri B on May 15, 2023
11 Jul 2023 With the full repayment of Obligasi Berkelanjutan IV Pegadaian Tahap II Tahun 2020 Seri B and Sukuk Mudharabah Berkelanjutan I Pegadaian Tahap II Tahun 2020 Seri B on July 10, 2023, PEFINDO has withdrawn the ratings of the debt instruments
21 Jul 2023 PEFINDO has affirmed its “idAAA” rating for PT Pegadaian’s Shelf Registration Bond IV Phase III/2020 Serie B of IDR1.1 trillion and “idAAA(sy)” rating for Pegadaian’s Shelf Registration Sukuk Mudharabah I Phase III/2020 Serie B of IDR131.0 billion
28 Aug 2023 With the full repayment of Obligasi Berkelanjutan V Pegadaian Tahap II Tahun 2022 Seri A and Sukuk Mudharabah Berkelanjutan II Pegadaian Tahap II Tahun 2022 Seri A issued by PT Pegadaian on August 28, 2023, PEFINDO has withdrawn the ratings of the debt in
22 Sep 2023 With the full repayment of Obligasi Berkelanjutan IV Pegadaian Tahap III Tahun 2020 Seri B and Sukuk Mudharabah Berkelanjutan I Pegadaian Tahap III Tahun 2020 Seri B issued by PT Pegadaian on September 22, 2023, PEFINDO has withdrawn the ratings of the de
30 Jan 2024 PEFINDO has affirmed its “idAAA” ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
20 Mar 2024 PEFINDO has affirmed its idAAA ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
16 Apr 2024 With the full repayment of Obligasi Berkelanjutan IV Pegadaian Tahap IV Tahun 2021 Seri B and Sukuk Mudharabah Berkelanjutan I Pegadaian Tahap IV Tahun 2021 Seri B on April 16, 2024, issued by PT Pegadaian, PEFINDO has withdrawn the ratings of the debt in
26 Jun 2024 With the full repayment of Obligasi Berkelanjutan V Pegadaian Tahap III Tahun 2023 Seri A and Sukuk Mudharabah Berkelanjutan II Pegadaian Tahap III Tahun 2023 on June 26, 2024, issued by PT Pegadaian, PEFINDO has withdrawn the ratings of the debt instrume
2 Jul 2024 PT Pegadaian’s following debt instrument will mature in the near term: Shelf Registration Bond V Phase IV Year 2023 Series A (rated idAAA) of IDR2.2 trillion maturing on September 4, 2024
9 Jul 2024 PEFINDO has assigned its idAAA ratings to PT Pegadaian’s Shelf Registration Bond VI with maximum amount of IDR10.0 trillion and Shelf Registration Social Bond I with maximum amount of IDR2.0 trillion
4 Sep 2024 With the full repayment of Obligasi Berkelanjutan V Pegadaian Tahap IV Tahun 2023 Seri A on September 4, 2024, issued by PT Pegadaian, PEFINDO has withdrawn the rating of the debt instrument
17 Jan 2025 PT Pegadaian’s following debt instrument will mature in the near term: Shelf Registration Bond V Phase V Year 2024 Series A (rated idAAA) of IDR590.6 billion maturing on February 16, 2025
17 Feb 2025 PT Pegadaian has fully repaid its Obligasi Berkelanjutan V Pegadaian Tahap V Tahun 2024 Seri A
12 Mar 2025 PEFINDO has affirmed its idAAA ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
18 Mar 2025 PT Pegadaian’s following debt instruments will mature in the near term: Shelf Registered Bond IV Phase II Year 2020 Serie C (rated idAAA) of IDR142.0 billion will be due on July 8, 2025
28 Apr 2025 PT Pegadaian has fully repaid Obligasi Berkelanjutan V Pegadaian Tahap I Tahun 2022 Seri B and Sukuk Mudharabah Berkelanjutan II Pegadaian Tahap I Tahun 2022 Seri B
5 May 2025 PT Pegadaian’s following debt instruments will mature on August 16, 2025: Shelf Registered Bond V Phase II Year 2022 Serie B (rated idAAA) of IDR276.0 billion
27 May 2025 PT Pegadaian’s following debt instruments will mature on September 7, 2025: Shelf Registered Sukuk Mudharabah III Phase II Year 2024 (rated idAAA(sy)) of IDR808.8 billion
8 Jul 2025 PT Pegadaian has fully repaid the following debt instruments Obligasi Berkelanjutan IV Pegadaian Tahap II Tahun 2020 Seri C and Sukuk Mudharabah Berkelanjutan I Pegadaian Tahap II Tahun 2020 Seri C
15 Jul 2025 PT Pegadaian has fully repaid the following debt instruments Obligasi Berkelanjutan VI Pegadaian Tahap I Tahun 2024 Seri A, Obligasi Berwawasan Sosial Berkelanjutan I Pegadaian Tahap I Tahun 2024 Seri A, Sukuk Mudharabah Berkelanjutan III Pegadaian Tahap
19 Aug 2025 PT Pegadaian has fully repaid the following debt instruments Obligasi Berkelanjutan V Pegadaian Tahap II Tahun 2022 Seri B and Sukuk Mudharabah Berkelanjutan II Pegadaian Tahap II Tahun 2022 Seri B
8 Sep 2025 PT Pegadaian has fully repaid the following debt instruments Sukuk Mudharabah Berkelanjutan III Pegadaian Tahap II Tahun 2024 and Sukuk Mudharabah Berwawasan Sosial Berkelanjutan I Pegadaian Tahap II Tahun 2024
17 Sep 2025 PT Pegadaian’s Shelf Registered Sukuk Mudharabah III Phase III Year 2024 (rated idAAA(sy)) of IDR752.0 billion will be due on January 4, 2026

Rating Rationale

To
Release Date Title
11 Jul 2005 PEFINDO affirmed the ratings of "idAA" for Perum Pegadaian (PUPG or the Company) and its Bonds VI-X totaling IDR1,249.18 billion.
19 Apr 2006 PEFINDO affirmed its ratings of "idAA" for Perum Pegadaian (PUPG or the Company) and the Company's Bonds VI-X totaling IDR1,237.24 billion.
26 Jun 2008 PEFINDO upgraded the ratings of Perum Pegadaian (PUPG or the Company) and the Company's Bonds
11 Jun 2009 PEFINDO affirmed the "idAA+" ratings of Perum Pegadaian (PUPG or the Company)
16 Feb 2010 PEFINDO reaffirmed its "idAA+" rating to Perum Pegadaian (PUPG or The Company)
18 Jun 2010 PEFINDO affirmed the "idAA+" ratings of Perum Pegadaian (PPGD or the Company)
17 Mar 2011 PEFINDO reaffirmed its "idAA+" rating for Perum Pegadaian (PPGD or the Company)
11 Oct 2011 PEFINDO affirmed its "idAA+" ratings of Perum Pegadaian (PPGD or the Company)
12 Jul 2012 PEFINDO affirmed its "idAA+" ratings of PT Pegadaian (Persero) (PPGD or the Company) and the Company's outstanding Bonds X, XI, XII and XIII, Shelf Registration Bond I/2011 Phase I and Phase II/2012, as well as MTN II/2011.
10 Jun 2013 PEFINDO assigned "idAA+" rating for PT Pegadaian (Persero)'s proposed Shelf Registration Bond II/2013 issuance
5 May 2014 PT Pegadaian (Persero)'s rating affirmed at "idAA+"
29 Apr 2015 PT Pegadaian (Persero)'s rating affirmed at "idAA+"
7 Apr 2017 PEFINDO upgrades PT Pegadaian (Persero)'s rating to "idAAA" from "idAA+"
22 Jun 2017 PEFINDO affirms "idAAA" rating to PT Pegadaian (Persero)
9 Feb 2018 Pegadaian rated "idAAA" with stable outlook
25 May 2018 PEFINDO affirms "idAAA" rating for PT Pegadaian (Persero)
28 May 2020 PEFINDO assigns "idAAA" rating to Pegadaian's Shelf Reg. Bond IV/2020 and "idAAA(sy)" to Sukuk I/2020
10 Feb 2022 PEFINDO affirms "idAAA" rating for Pegadaian
9 May 2022 PEFINDO assigns "idAAA" rating to Pegadaian's Shelf Registration Bond V/2022 and "idAAA(sy)" to Shelf Registration Sukuk Mudharabah II/2022
3 Feb 2023 PEFINDO has affirmed its “idAAA” ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
29 Feb 2024 PEFINDO has affirmed its “idAAA” ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
18 Apr 2024 PEFINDO has affirmed its idAAA ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds
9 Jul 2024 PEFINDO has assigned its idAAA ratings to PT Pegadaian’s Shelf Registration Bond VI with maximum amount of IDR10.0 trillion and Shelf Registration Social Bond I with maximum amount of IDR2.0 trillion
8 Apr 2025 PEFINDO has affirmed its idAAA ratings to PT Pegadaian and its outstanding Shelf Registration (SR) Bonds