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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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Wijaya Karya (Persero) Tbk.

(WIKA)

Corporate Rating/Outlook idSD - Updated on 9 Jul 2025

Press Release

To
Release Date Title
4 May 2005 PEFINDO upgraded the ratings for PT Wijaya Karya to "idBBB+" from "idBBB".
15 Jun 2006 PEFINDO affirmed its "idBBB+" ratings for PT Wijaya Karya (WIKA or the Company) and the Company's Bond III/2003 of IDR180 billion.
29 Mar 2007 PEFINDO reaffirmed its "idBBB+" rating to PT Wijaya Karya (WIKA or the Company)'s amortized Bond III/A/B/2003 amounting to IDR30 billion due April 11th 2007.
30 Apr 2007 PEFINDO Upgraded the ratings for PT Wijaya Karya (WIKA or the Company) and the Company's Bond III/2003 of IDR150 billion to "idA-" from "idBBB+".
1 Apr 2008 PEFINDO reaffirmed its "idA-" rating to PT Wijaya Karya Tbk's (WIKA or the Company) Bond III/2003 of IDR133.875 billion, which will due on 11 April 2008.
11 Jul 2008 PEFINDO assigned a corporate rating of "idA" to PT Wijaya Karya Tbk (WIKA or the Company).
23 Jun 2010 PEFINDO assigned "idA" rating for PT Wijaya Karya (Persero) Tbk (the Company or WIKA).
27 Jun 2012 PEFINDO assigned "idA+" rating for PT Wijaya Karya (Persero) Tbk.
31 Jan 2013 PEFINDO's Government-Related Entities Rating Methodology
16 May 2013 Peringkat Perusahaan Wika Tetap Pada "idA+"
17 May 2013 WIKA's corporate rating is affirmed at "idA+"
5 Jun 2014 WIKA's corporate rating is affirmed at "idA+"
26 Sep 2014 WIKA's corporate rating is affirmed at "idA+"
7 Jan 2015 PEFINDO has affirmed its "idA+" ratings for PT Wijaya Karya (Persero) Tbk. and its Medium Term Notes 2014
11 Sep 2015 PEFINDO has affirmed its "idA+" ratings for WIKA and its MTN I/ 2014
22 Sep 2016 PEFINDO affirms "idA+" rating to PT Wijaya Karya (Persero) Tbk
1 Oct 2020 PT Wijaya Karya (Persero) Tbk rated "idA" with stable outlook
21 Dec 2020 PT Wijaya Karya (Persero) Tbk's new bonds issuance rated "idA"
14 Jun 2021 PT Wijaya Karya (Persero) Tbk rated "idA" with stable outlook
13 Sep 2021 PT Wijaya Karya (Persero) Tbk's new bonds issuance rated "idA"
13 Jun 2022 PT Wijaya Karya (Persero) Tbk rated idA with stable outlook
18 Jul 2022 PT Wijaya Karya (Persero) Tbk rated idA with stable outlook
3 Aug 2022 PT Wijaya Karya (Persero) Tbk rated idA with stable outlook.
29 May 2023 PEFINDO has lowered the ratings for PT Wijaya Karya (Persero) Tbk (WIKA), its Shelf-Registered (SR) Bond I, II, III, and its SR Sukuk Mudharabah I,II, III to idBBB from idA.
13 Jul 2023 PEFINDO has affirmed its idBBB ratings for PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) Bonds, the outlook remained negative.
19 Oct 2023 PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered Bond I/2020 Phase I Serie A of IDR331 billion and Shelf-Registered Sukuk Mudharabah I/2020 Phase I Serie A of IDR184 billion will mature on December 18, 2023
13 Dec 2023 PEFINDO has lowered the ratings for PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) Bonds to idCCC
18 Dec 2023 PEFINDO has affirmed the ratings of PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered Bonds at idCCC
10 Jan 2024 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf- Registered (SR) Sukuk Mudharabah I Phase I/2020 Serie A to idD(sy) from idCCC(sy
23 Jan 2024 PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered Bond I/2021 Phase II Serie A of IDR495 billion and Shelf-Registered Sukuk Mudharabah I/2021 Phase II Serie A of IDR134.3 billion will mature on March 3, 2024
29 Apr 2024 With the full repayment of Sukuk Mudharabah Berkelanjutan I Wijaya Karya Tahap I Tahun 2020 Seri A on April 29, 2024, issued by PT Wijaya Karya (Persero) Tbk, PEFINDO has withdrawn the rating of the debt instrument
2 May 2024 PEFINDO has raised the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idBBB- with a stable outlook from idSD
10 Jul 2024 PEFINDO has affirmed the ratings of PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) bond I, II, and III at idBBB-.
15 Aug 2024 PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered Bond II Phase I Seri A (rated idBBB-) of IDR571 billion and Shelf-Registered Sukuk Mudharabah II Phase I Seri A (rated idBBB-(sy)) of IDR325.5 billion will be maturing on September 8, 2024
9 Sep 2024 With the full repayment of Obligasi Berkelanjutan II Wijaya Karya Tahap I Tahun 2021 Seri A and Sukuk Mudharabah Berkelanjutan II Wijaya Karya Tahap I Tahun 2021 Seri A on September 9, 2024, PEFINDO has withdrawn the ratings of the debt instruments
30 Dec 2024 PEFINDO has lowered the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idBB- with CreditWatch with Negative Implication from idBBB-/stable
10 Feb 2025 PEFINDO has lowered the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idCCC with CreditWatch with Negative Implication
19 Feb 2025 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf- Registered (SR) Bond II Phase II/2022 Serie A to idD from idCCC and SR Sukuk Mudharabah II Phase II/2022 Serie A to idD(sy) from idCCC(sy)
30 Apr 2025 PEFINDO has raised the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond II Phase II/2022 Serie A to idCCC from idD
9 Jul 2025 PEFINDO has affirmed the rating for PT Wijaya Karya (Persero) Tbk (WIKA) at idSD
4 Nov 2025 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Sukuk Mudharabah III Phase I/2022 Serie A to idD(sy) from idCCC(sy)
11 Dec 2025 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond I Phase II and SR Bond II Phase I to idD from idCCC and SR Sukuk Mudharabah I Phase II and SR Sukuk Mudharabah II Phase I to idD(sy) from idCCC(sy)
19 Dec 2025 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond I Phase I to idD from idCCC and SR Sukuk Mudharabah I Phase I to idD(sy) from idCCC(sy)
4 Feb 2026 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond III Phase I to idD from idCCC and SR Sukuk Mudharabah III Phase I Serie B and C to idD(sy) from idCCC(sy)
19 Feb 2026 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond II Phase II to idD from idCCC and SR Sukuk Mudharabah II Phase II Serie B and C to idD(sy) from idCCC(sy)

Rating Rationale

To
Release Date Title
4 May 2005 PEFINDO upgraded the ratings for PT Wijaya Karya (WIKA or the Company) and its bond III/2003 of IDR200 billion to "idBBB+" from "idBBB".
15 Jun 2006 PEFINDO affirmed its "idBBB+" ratings for PT Wijaya Karya (WIKA or the Company) and the Company's Bond III/2003 of IDR180 billion.
11 Jul 2008 PEFINDO assigned a corporate rating of "idA" to PT Wijaya Karya Tbk (WIKA or the Company).
23 Jun 2010 PEFINDO assigned "idA" rating for PT Wijaya Karya (Persero) Tbk (the Company or WIKA)
27 Jun 2012 PEFINDO assigned "idA+" rating for PT Wijaya Karya (Persero) Tbk (the Company or WIKA).
17 May 2013 WIKA's corporate rating is affirmed at "idA+"
5 Jun 2014 WIKA's corporate rating is affirmed at "idA+"
7 Jan 2015 PEFINDO has affirmed its "idA+" ratings for PT Wijaya Karya (Persero) Tbk. and its Medium Term Notes 2014
11 Sep 2015 PEFINDO has affirmed its "idA+" ratings for WIKA and its MTN I/ 2014
22 Sep 2016 PEFINDO affirms "idA+" rating to PT Wijaya Karya (Persero) Tbk
1 Oct 2020 PT Wijaya Karya (Persero) Tbk rated "idA" with stable outlook
21 Dec 2020 PT Wijaya Karya (Persero) Tbk's new bonds issuance rated "idA"
13 Sep 2021 PT Wijaya Karya (Persero) Tbk's new bonds issuance rated "idA"
13 Jun 2022 PT Wijaya Karya (Persero) Tbk rated idA with stable outlook
3 Aug 2022 PT Wijaya Karya (Persero) Tbk rated idA with stable outlook.
20 Jun 2023 PEFINDO has lowered the ratings for PT Wijaya Karya (Persero) Tbk (WIKA), its Shelf-Registered (SR) Bond I, II, III, and its SR Sukuk Mudharabah I,II, III to idBBB from idA.
31 Jul 2023 PEFINDO has affirmed its idBBB ratings for PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) Bonds, the outlook remained negative
12 Jan 2024 PEFINDO has lowered the ratings for PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) Bonds to idCCC
17 Jan 2024 PEFINDO has affirmed the ratings of PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered Bonds at idCCC
2 Feb 2024 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf- Registered (SR) Sukuk Mudharabah I Phase I/2020 Serie A to idD(sy) from idCCC(sy
27 May 2024 PEFINDO has raised the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idBBB- with a stable outlook from idSD
24 Jul 2024 PEFINDO has affirmed the ratings of PT Wijaya Karya (Persero) Tbk (WIKA) and its Shelf-Registered (SR) bond I, II, and III at idBBB-.
6 Jan 2025 PEFINDO has lowered the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idBB- with CreditWatch with Negative Implication from idBBB-/stable
5 Mar 2025 PEFINDO has lowered the corporate rating of PT Wijaya Karya (Persero) Tbk (WIKA) to idCCC with CreditWatch with Negative Implication
18 Mar 2025 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf- Registered (SR) Bond II Phase II/2022 Serie A to idD from idCCC and SR Sukuk Mudharabah II Phase II/2022 Serie A to idD(sy) from idCCC(sy)
27 May 2025 PEFINDO has raised the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond II Phase II/2022 Serie A to idCCC from idD
28 Jul 2025 PEFINDO has affirmed the rating for PT Wijaya Karya (Persero) Tbk (WIKA) at idSD
28 Nov 2025 PEFINDO has lowered the rating of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Sukuk Mudharabah III Phase I/2022 Serie A to idD(sy) from idCCC(sy)
22 Dec 2025 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond I Phase II and SR Bond II Phase I to idD from idCCC and SR Sukuk Mudharabah I Phase II and SR Sukuk Mudharabah II Phase I to idD(sy) from idCCC(sy)
13 Jan 2026 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond I Phase I to idD from idCCC and SR Sukuk Mudharabah I Phase I to idD(sy) from idCCC(sy)
13 Feb 2026 PEFINDO has lowered the ratings of PT Wijaya Karya (Persero) Tbk (WIKA)’s Shelf-Registered (SR) Bond III Phase I to idD from idCCC and SR Sukuk Mudharabah III Phase I Serie B and C to idD(sy) from idCCC(sy)