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

Back to Rating History

Adhi Karya (Persero) Tbk.

(ADHI)

Corporate Rating/Outlook idA- Stable Updated on 18 Mar 2024

Press Release

To

Release Date Title
4 May 2005 PEFINDO upgraded the ratings for PT Adhi Karya (Persero) Tbk (ADIK or the Company) from "idBBB" to "idBBB+".
30 Jun 2006 PEFINDO affirmed its "idBBB+" ratings for PT Adhi Karya (Persero) Tbk .
22 May 2007 PEFINDO upgraded its ratings for PT Adhi Karya (Persero) Tbk. and the Company's Bonds to "idA-" from "idBBB+".
1 Sep 2008 PEFINDO reaffirmed ratings for PT Adhi Karya (Persero) Tbk at "idA-".
1 Jul 2009 PEFINDO reaffirmed ratings for PT Adhi Karya (Persero) Tbk at "idA-".
30 Sep 2009 PEFINDO lifted the status of Creditwatch with Negative Implication of the rating of PT Adhi Karya (Persero) Tbk and replaced it with a "Negative" outlook.
11 Jun 2010 PEFINDO reaffirmed the ratings of PT Adhi Karya (Persero) Tbk. at "idA-".
12 Jul 2011 PEFINDO reaffirmed the ratings of PT Adhi Karya (Persero) Tbk. at "idA-".
5 Apr 2012 PEFINDO assigned its "idA-" rating of PT Adhi Karya (Persero) Tbk.'s Bond IV/2007 and "idA-(sy)" rating for ADHI's Sukuk Mudharabah I/2007 that will mature on July 6, 2012.
7 Jun 2012 PEFINDO raised the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company) at "idA" from "idA-".
31 Jan 2013 PEFINDO's Government-Related Entities Rating Methodology
9 Apr 2013 Adhi Karya's corporate and bonds ratings are maintained at "idA" and sukuk ratings are maintained at "idA(sy)".
15 Apr 2014 Adhi Karya's corporate and bonds ratings are maintained at "idA" and sukuk ratings are maintained at "idA(sy)"
4 Sep 2014 PEFINDO revised the outlook for the corporate rating of Adhi Karya to "negative"
10 Apr 2015 PEFINDO affirmed its "idA" ratings for PT Adhi Karya (Persero) Tbk., its Bond and Sukuk with "Negative" Outlook
13 Apr 2016 ADHI's ratings downgraded to "idA-"
12 Apr 2017 PEFINDO affirms "idA-" ratings to PT Adhi Karya (Persero) Tbk and its Bonds and "idA-(sy) for its Sukuk
26 Feb 2018 The ratings of ADHI's maturing bond and sukuk affirmed at "idA-" and "idA-(sy)"
12 Apr 2018 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds
12 Apr 2019 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds
10 May 2019 PEFINDO affirms "idA-" rating for PT Adhi Karya (Persero) Tbk's maturing Shelf-Registered Bond I Year 2012 Serie B
14 Jan 2020 PEFINDO affirms "idA-" rating for PT Adhi Karya (Persero) Tbk's maturing Shelf-Registered Bond I Year 2013 Serie B
9 Apr 2020 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds, outlook is revised to negative
18 Aug 2020 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds, outlook remains negative
23 Nov 2020 Rating of PT Adhi Karya (Persero) Tbk's shelf registered bond III is "idA-"
9 Aug 2021 PT Adhi Karya (Persero) Tbk's rated "idA-", outlook revised to stable
23 Mar 2022 PEFINDO affirms "idA-" rating for ADHI's maturing bonds totaling IDR3,553 billion
22 Jun 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan II Adhi Karya Tahap I Tahun 2017 issued by PT Adhi Karya (Persero) Tbk based on the full repayment of the debt instrument
27 Jun 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan II Adhi Karya Tahap II Tahun 2019 Seri A based on the full repayment of the debt instrument
29 Jun 2022 PEFINDO has affirmed its idA- rating for PT Adhi Karya (Persero) Tbk (ADHI)'s maturing shelf-registered (SR) Bond III Phase II Series A of IDR200 billion
12 Aug 2022 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelf-registered (SR) bond II, and SR bond III
5 Sep 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan III Adhi Karya Tahap II Tahun 2021 Seri A based on the full repayment of the debt instrument
14 Aug 2023 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelfregistered (SR) bond II, and SR bond III
5 Sep 2023 PEFINDO has affirmed its idA- rating for PT Adhi Karya (Persero) Tbk (ADHI)’s maturing shelf-registered (SR) Bond III Phase I of IDR289.6 billion due on November 18, 2023
20 Nov 2023 With the full repayment of Obligasi Berkelanjutan III Adhi Karya Tahap I Tahun 2020 on November 20, 2023, PEFINDO has withdrawn the rating of the debt instrument
18 Mar 2024 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelfregistered (SR) bond II, and SR bond III
22 May 2024 PT Adhi Karya (Persero) Tbk (ADHI)’s Shelf-Registered (SR) Bond II/2019 Phase II Series B of IDR473.5 billion (rated idA-) will mature on June 25, 2024
25 Jun 2024 With the full repayment of Obligasi Berkelanjutan II Adhi Karya Tahap II Tahun 2019 Seri B on June 25, 2024, issued by PT Adhi Karya (Persero) Tbk, PEFINDO has withdrawn the rating of the debt instrument
28 Jun 2024 PEFINDO has assigned its idA- rating for PT Adhi Karya (Persero) Tbk (ADHI)’s proposed SR bonds IV, amounting to a maximum of IDR5 trillion
2 Jul 2024 PT Adhi Karya (Persero) Tbk (ADHI)’s Shelf-Registered (SR) Bond III Phase II Series B of IDR473.5 billion (rated idA-) will mature on August 24, 2024
26 Aug 2024 With the full repayment of Obligasi Berkelanjutan III Adhi Karya Tahap II Tahun 2021 Seri B on August 26, 2024, issued by PT Adhi Karya (Persero) Tbk, PEFINDO has withdrawn the rating of the debt instrument

Rating Rationale

To

Release Date Title
4 May 2005 PEFINDO upgraded the ratings for PT Adhi Karya (Persero) Tbk (ADIK or the Company), and its Bonds II/2003 of IDR200 bn and Bonds III/2004 of IDR200 bn from "idBBB" to "idBBB+".
30 Jun 2006 PEFINDO affirmed its "idBBB+" ratings for PT Adhi Karya (Persero) Tbk (ADIK or the Company), and the Company's Bonds II/2003 of IDR173 billion due June 2008 and Bonds III/2004 of IDR200 billion due July 2007.
22 May 2007 PEFINDO upgraded its ratings for PT Adhi Karya (Persero) Tbk. (ADIK or the Company)
1 Sep 2008 PEFINDO reaffirmed ratings for PT Adhi Karya (Persero) Tbk. (ADIK or the Company), the Company's Bonds IV/2007...
1 Jul 2009 PEFINDO reaffirmed ratings for PT Adhi Karya (Persero) Tbk (ADHI or the Company)
30 Sep 2009 PEFINDO lifted the status of Creditwatch with Negative Implication of the rating of PT Adhi Karya (Persero) Tbk (ADHI or the Company)
11 Jun 2010 PEFINDO reaffirmed the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company)
12 Jul 2011 PEFINDO reaffirmed the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company)
7 Jun 2012 PEFINDO raised the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company)
19 Sep 2013 Adhi Karya's corporate and bonds ratings are maintained at "idA" and sukuk ratings are maintained at "idA(sy)".
15 Apr 2014 Adhi Karya's corporate and bonds ratings are maintained at "idA" and sukuk ratings are maintained at "idA(sy)"
4 Sep 2014 PEFINDO revised the outlook for the corporate rating of Adhi Karya to "negative"
10 Apr 2015 PEFINDO affirmed its "idA" ratings for PT Adhi Karya (Persero) Tbk., its Bond and Sukuk with "Negative" Outlook
13 Apr 2016 ADHI's ratings downgraded to "idA-"
12 Apr 2017 PEFINDO affirms "idA-" ratings to PT Adhi Karya (Persero) Tbk and its Bonds and "idA-(sy) for its Sukuk
12 Apr 2018 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds
10 May 2019 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds
9 Apr 2020 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds, outlook is revised to negative
18 Aug 2020 PEFINDO affirms "idA-" ratings for PT Adhi Karya (Persero) Tbk and its bonds, outlook remains negative
23 Nov 2020 Rating of PT Adhi Karya (Persero) Tbk's shelf registered bond III is "idA-"
9 Aug 2021 PT Adhi Karya (Persero) Tbk's rated "idA-", outlook revised to stable
12 Aug 2022 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelfregistered (SR) bond II, and SR bond III
29 Aug 2023 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelfregistered (SR) bond II, and SR bond III
26 Mar 2024 PEFINDO has affirmed its idA- ratings for PT Adhi Karya (Persero) Tbk (ADHI), its shelfregistered (SR) bond II, and SR bond III
28 Jun 2024 PEFINDO has assigned its idA- rating for PT Adhi Karya (Persero) Tbk (ADHI)’s proposed SR bonds IV, amounting to a maximum of IDR5 trillion