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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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Summarecon Agung Tbk.

(SMRA)

Corporate Rating/Outlook idA+ Stable Updated on 11 Sep 2025

Press Release

To
Release Date Title
19 Sep 2005 PEFINDO reaffirmed its ratings for PT Summarecon Agung Tbk. (SMRA or the Company) and the Company's Bonds I/2003 of IDR200 billion at "idBBB".
20 Jul 2006 PEFINDO upgraded its ratings for PT Summarecon Agung Tbk. (SMRA or the Company) and the Company's Bonds I/2003 of IDR200 billion to "idBBB+" from "idBBB".
5 Mar 2007 PEFINDO still maintains its ratings for PT Summarecon Agung Tbk. and the Company's Bond at "idBBB+", despite a big flood, which has affected many areas in Kelapa Gading area.
10 Aug 2007 PEFINDO upgraded its ratings for PT Summarecon Agung Tbk. (SMRA or the Company) and the Company's Bonds I/2003 of IDR165 billion to "idA-" from "idBBB+".
18 Apr 2008 PEFINDO reaffirmed its "idA-" rating to PT Summarecon Agung Tbk's (SMRA or the Company) Bond I/2003 of IDR150 billion, which will due on 8 July 2008.
21 May 2008 PEFINDO affirmed its ratings for PT Summarecon Agung Tbk. "idA-".
17 Jul 2009 PEFINDO affirmed the ratings at "idA-" for PT Summarecon Agung Tbk. and the Company's Bond.
6 May 2010 PEFINDO upgraded the ratings of PT Summarecon Agung Tbk. to "idA" from "idA-".
3 May 2011 PEFINDO affirmed its ratings on PT Summarecon Agung Tbk. at "idA"
2 May 2012 PEFINDO raised its ratings on PT Summarecon Agung Tbk. to "idA+" from "idA"
15 Mar 2013 SMRA's Bond and Sukuk ratings are "idA+" and "idA+(sy)"
6 Nov 2013 "idA+" ratings assigned for SMRA and its proposed Shelf Registered Bond, "idA+(sy)" rating for Sukuk
7 Aug 2014 "idA+" ratings assigned for SMRA and its Shelf Registered Bond, "idA+(sy)" rating for Sukuk
11 Aug 2015 "idA+" ratings assigned for SMRA and its Shelf Registered Bond, "idA+(sy)" rating for Sukuk
15 Sep 2015 "idA+" ratings assigned for SMRA and its Shelf Registered Bond, "idA+(sy)" rating for Sukuk
9 Nov 2015 "idA+" rating assigned for SMRA's Proposed Shelf Registered Bond II/2015
6 Sep 2016 PEFINDO has revised the outlook for PT Summarecon Agung Tbk to "negative"
13 Sep 2017 PEFINDO affirms "idA+" ratings for PT Summarecon Agung Tbk and its bonds
25 Jan 2018 PEFINDO affirms "idA+" and "idA+(sy)" ratings for PT Summarecon Agung Tbk's maturing Bond and Sukuk
12 Sep 2018 PEFINDO lowers PT Summarecon Agung Tbk rating to "idA"
12 Nov 2018 PEFINDO affirms "idA" and "idA(sy)" ratings for PT Summarecon Agung Tbk's maturing Bond and Sukuk
5 Dec 2018 PEFINDO assigns "idA" rating to PT Summarecon Agung Tbk's proposed Bond
13 Aug 2019 PEFINDO affirms "idA" and "idA(sy)" ratings for PT Summarecon Agung Tbk's maturing Bond and Sukuk
11 Sep 2019 PEFINDO affirms "idA" ratings for PT Summarecon Agung Tbk and its bonds
9 Sep 2020 PT Summarecon Agung Tbk rated "idA" with stable outlook
8 Sep 2021 PT Summarecon Agung Tbk rated "idA" with stable outlook
4 Apr 2022 The rating of PT Summarecon Agung Tbk raised to "idA+"
17 Jun 2022 PEFINDO assigns idA+ rating for PT Summarecon Agung Tbk. (SMRA) proposed Shelf Registered Bond IV
20 Jul 2022 PEFINDO has affirmed its idA+ rating for PT Summarecon Agung Tbk. (SMRA) maturing Shelf Registered Bond III Phase II/2019 Serie A of IDR500 billion
17 Oct 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan III Summarecon Agung Tahap II Tahun 2019 Seri A based on the full repayment of the debt instrument
13 Apr 2023 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk. (SMRA) and its outstanding bonds
16 Apr 2024 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk. (SMRA) and its outstanding bonds
5 Jul 2024 PT Summarecon Agung Tbk (SMRA)’s Shelf-Registered Bond III Phase II Serie B Year 2019 (rated idA+) of IDR200 billion will mature on October 15, 2024
15 Oct 2024 With the full repayment of Obligasi Berkelanjutan III Summarecon Agung Tahap II Tahun 2019 Seri B on October 15, 2024, issued by PT Summarecon Agung Tbk, PEFINDO has withdrawn the rating of the debt instrument
16 Apr 2025 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk (SMRA) and its outstanding shelf-registered bond IV
11 Sep 2025 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk (SMRA) and its outstanding shelf-registered bond IV

Rating Rationale

To
Release Date Title
19 Sep 2005 PEFINDO reaffirmed its ratings for PT Summarecon Agung Tbk. (SMRA or the Company) and the Company's Bonds I/2003 of IDR200 billion at "idBBB"
20 Jul 2006 PEFINDO upgraded its ratings for PT Summarecon Agung Tbk. (SMRA or the Company) and the Company's Bonds I/2003 of IDR200 billion to "idBBB+" from "idBBB".
10 Aug 2007 PEFINDO upgraded its ratings for PT Summarecon Agung Tbk. (SMRA or the Company)
21 May 2008 PEFINDO affirmed its ratings for PT Summarecon Agung Tbk. (SMRA or the Company)
17 Jul 2009 PEFINDO affirmed the ratings at "idA-" for PT Summarecon Agung Tbk. (SMRA or the Company)
6 May 2010 PEFINDO upgraded the ratings of PT Summarecon Agung Tbk. (SMRA or the Company)
7 May 2012 PEFINDO raised its ratings on PT Summarecon Agung Tbk. (SMRA or the Company)
6 Nov 2013 "idA+" ratings assigned for SMRA and its proposed Shelf Registered Bond, "idA+(sy)" rating for Sukuk
7 Aug 2014 "idA+" ratings assigned for SMRA and its Shelf Registered Bond, "idA+(sy)" rating for Sukuk
9 Nov 2015 "idA+" rating assigned for SMRA's Proposed Shelf Registered Bond II/2015
6 Sep 2016 PEFINDO has revised the outlook for PT Summarecon Agung Tbk to "negative"
13 Sep 2017 PEFINDO affirms "idA+" ratings for PT Summarecon Agung Tbk and its bonds
12 Sep 2018 PEFINDO lowers PT Summarecon Agung Tbk rating to "idA"
11 Sep 2019 PEFINDO affirms "idA" ratings for PT Summarecon Agung Tbk and its bonds
8 Sep 2021 PT Summarecon Agung Tbk rated "idA" with stable outlook
4 Apr 2022 The rating of PT Summarecon Agung Tbk raised to "idA+"
17 Jun 2022 PEFINDO assigns idA+ rating for PT Summarecon Agung Tbk. (SMRA) proposed Shelf Registered Bond IV
10 May 2023 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk. (SMRA) and its outstanding bonds
16 May 2024 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk. (SMRA) and its outstanding bonds
2 May 2025 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk (SMRA) and its outstanding shelf-registered bond IV
26 Sep 2025 PEFINDO has affirmed its idA+ ratings to PT Summarecon Agung Tbk (SMRA) and its outstanding shelf-registered bond IV