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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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Bumi Serpong Damai Tbk.

(BSDE)

Corporate Rating/Outlook idAA Stable Updated on 13 Jan 2025

Press Release

To
Release Date Title
10 Dec 2004 PEFINDO affirmed "idBBB-" ratings for PT Bumi Serpong Damai .
13 Dec 2005 PEFINDO affirmed its "idBBB-" ratings for PT Bumi Serpong Damai (BSDI or the Company) and the Company's Bond I/2003 of IDR250 bn.
20 Sep 2006 PEFINDO upgraded the ratings for PT Bumi Serpong Damai (BSDI or the Company) and the Company's Bond I/2003 of IDR250 bn to "idBBB" from "idBBB-".
7 Nov 2007 PEFINDO affirmed the ratings for PT Bumi Serpong Damai (BSDI or the Company), the Company's Bond I/2003 of IDR250 billion and Bond II/2006 of IDR600 billion at "idBBB".
26 Sep 2008 PEFINDO affirmed its "idBBB" rating for PT Bumi Serpong Damai's Bond I/2003 of IDR250 billion due on October 10, 2008.
24 Dec 2008 PEFINDO affirmed its "idBBB" ratings with "stable" outlook for PT Bumi Serpong Damai Tbk.
4 Nov 2009 PEFINDO upgraded the ratings of PT Bumi Serpong Damai Tbk. to "idBBB+" from "idBBB".
14 Oct 2010 PEFINDO placed the rating of PT Bumi Serpong Damai Tbk. (BSDE or the Company) on "Creditwatch with developing implications" following BSDE's plan to purchase 85.31% shares of DUTI, 60% shares of SMT
14 Jan 2011 PEFINDO upgraded the ratings of PT Bumi Serpong Damai Tbk. to "idA" from "idBBB+" and assigned a "stable" outlook for the Company's rating.
20 Jul 2011 PEFINDO affirmed its "idA" rating on PT Bumi Serpong Damai Tbk.'s Bond II/2006 that will mature on October 20, 2011.
4 Jun 2012 PEFINDO assigned its "idA+" ratings to PT Bumi Serpong Damai Tbk. and its proposed issuance of shelf registered Bond I.
11 Apr 2013 Ratings of PT Bumi Serpong Damai Tbk Upgraded for stronger cash flow
8 Apr 2014 BSDE's ratings are affirmed at "idAA-"
10 Apr 2015 BSDE's ratings are affirmed at "idAA-"
4 Apr 2016 BSDE's ratings are affirmed at "idAA-"
20 Jun 2016 "idAA-" for BSDE's Proposed Shelf-Registration Bond II/2016
14 Mar 2017 PEFINDO affirms "idAA-" ratings to PT Bumi Serpong Damai Tbk.
13 Jun 2017 PEFINDO affirms "idAA-" rating to PT Bumi Serpong Damai Tbk's maturing Shelf-Registered Bond
13 Mar 2018 PEFINDO affirms "idAA-" ratings for PT Bumi Serpong Damai Tbk and its bonds
13 Mar 2019 PEFINDO affirms "idAA-" ratings for PT Bumi Serpong Damai Tbk and its Bonds
3 May 2019 PEFINDO affirms "idAA-" rating for PT Bumi Serpong Damai Tbk's maturing Shelf-Registered Bond I Year 2012
11 Mar 2020 PEFINDO affirms "idAA-" ratings for PT Bumi Serpong Damai Tbk and its bond
10 Mar 2021 PT Bumi Serpong Damai Tbk's ratings affirmed at "idAA-"
7 Jan 2022 PT Bumi Serpong Damai Tbk's rated "idAA-" with stable outlook
8 Apr 2022 PT Bumi Serpong Damai Tbk's new bonds issuance rated "idAA-"
11 Jan 2023 PEFINDO has affirmed its idAA- ratings for PT Bumi Serpong Damai Tbk (BSDE) and its outstanding bonds as well as idAA-(sy) rating for its outstanding sukuk. The outlook for the corporate rating is stable
9 Mar 2023 PEFINDO has affirmed its idAA- rating for PT Bumi Serpong Damai Tbk (BSDE)’s Shelf Registered Bond II Year 2016 Series B of IDR25 billion
16 Jun 2023 With the full repayment of Obligasi Berkelanjutan II Bumi Serpong Damai Tahap I Tahun 2016 Seri B on June 16, 2023, PEFINDO has withdrawn the rating of the debt instrument
11 Jan 2024 PEFINDO has raised its ratings for PT Bumi Serpong Damai Tbk (BSDE) and its Shelf Registered Bond III/2022 to idAA from idAA- as well as its Shelf Registered Sukuk Ijarah I/2022 to idAA(sy) from idAA-(sy)
13 Jan 2025 PEFINDO has affirmed its idAA ratings for PT Bumi Serpong Damai Tbk (BSDE) and its outstanding Shelf Registered (SR) Bond as well as its idAA(sy) for its SR Sukuk

Rating Rationale

To
Release Date Title
13 Dec 2005 PEFINDO affirmed its "idBBB- " ratings for PT Bumi Serpong Damai (BSDI or the Company) and the Company's Bond I/2003 of IDR250 bn.
20 Sep 2006 PEFINDO upgraded the ratings for PT Bumi Serpong Damai (BSDI or the Company) and the Company's Bond I/2003 of IDR250 bn to "idBBB" from "idBBB-".
7 Nov 2007 PEFINDO affirmed the ratings for PT Bumi Serpong Damai (BSDI or the Company) Bond I/2003 of IDR250 billion
24 Dec 2008 PEFINDO affirmed its "idBBB" ratings with "stable" outlook for PT Bumi Serpong Damai Tbk. (BSDE or the Company)
4 Nov 2009 PEFINDO upgraded the ratings of PT Bumi Serpong Damai Tbk. (BSDE or the Company)
14 Oct 2010 PEFINDO still maintained the ratings of PT Bumi Serpong Damai Tbk. (BSDE or the Company) and its Bond II/2006 at "idBBB+".
14 Jan 2011 PEFINDO upgraded the ratings of PT Bumi Serpong Damai Tbk. (BSDE or the Company)
4 Jun 2012 PEFINDO assigned its "idA+" ratings to PT Bumi Serpong Damai Tbk. (BSDE or the Company)
11 Apr 2013 Ratings of PT Bumi Serpong Damai Tbk Upgraded for stronger cash flow
8 Apr 2014 BSDE's ratings are affirmed at "idAA-"
20 Jun 2016 "idAA-" for BSDE's Proposed Shelf-Registration Bond II/2016
14 Mar 2017 PEFINDO affirms "idAA-" ratings to PT Bumi Serpong Damai Tbk.
13 Mar 2018 PEFINDO affirms "idAA-" ratings for PT Bumi Serpong Damai Tbk and its bonds
11 Mar 2020 PEFINDO affirms "idAA-" ratings for PT Bumi Serpong Damai Tbk and its bond
1 Apr 2021 PT Bumi Serpong Damai Tbk's rating affirmed at "idAA-" with stable outlook
7 Jan 2022 PT Bumi Serpong Damai Tbk's rated "idAA-" with stable outlook
8 Apr 2022 PT Bumi Serpong Damai Tbk's new bonds issuance rated "idAA-"
17 Jan 2023 PEFINDO has affirmed its idAA- ratings for PT Bumi Serpong Damai Tbk (BSDE) and its outstanding bonds as well as idAA-(sy) rating for its outstanding sukuk. The outlook for the corporate rating is stable
31 Jan 2024 PEFINDO has raised its ratings for PT Bumi Serpong Damai Tbk (BSDE) and its Shelf Registered Bond III/2022 to idAA from idAA- as well as its Shelf Registered Sukuk Ijarah I/2022 to idAA(sy) from idAA-(sy)
24 Jan 2025 PEFINDO has affirmed its idAA ratings for PT Bumi Serpong Damai Tbk (BSDE) and its outstanding Shelf Registered (SR) Bond as well as its idAA(sy) for its SR Sukuk