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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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Modernland Realty, Tbk.

(MDLN)

Press Release

To
Release Date Title
18 Sep 2012 PEFINDO assigned its "idA-" rating to MDLN.
3 Dec 2012 "idA-" rating assigned to MDLN's proposed bond II amounting to IDR500 billion.
3 Oct 2013 "idA-" affirmed to MDLN with "positive" outlook
7 Oct 2014 MDLN's ratings upgraded to "idA" from "idA-"
8 Apr 2015 MDLN's ratings affirmed at "idA"
3 Jun 2015 MDLN's Shelf-Registration Bond assigned at "idA"
28 Sep 2015 MDLN's maturing bond affirmed at "idA"
8 Apr 2016 MDLN's ratings affirmed at "idA", outlook "negative"
11 Apr 2017 PEFINDO affirms "idA" rating to PT Modernland Realty Tbk
11 Apr 2018 PEFINDO lowers PT Modernland Realty Tbk rating to "idA-"
11 Apr 2019 PEFINDO affirms "idA-" ratings for PT Modernland Realty Tbk and its Bond, outlook revised to "negative"
15 Apr 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idBBB", outlook revise to credit watch negative due to heightened refinancing risk
15 Jun 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idBBB-", outlook maintained at CreditWatch negative
24 Jun 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idCCC", outlook maintained at CreditWatch Negative
7 Jul 2020 PEFINDO lowers the rating of PT Modernland Realty Tbk's Bond to "idD"
21 Sep 2020 PEFINDO raises the rating of PT Modernland Realty Tbk's IDR Bond to "idCCC"
7 Apr 2021 PEFINDO affirms PT Modernland Realty Tbk's rupiah-denominated Bond at "idCCC"
27 Nov 2021 PEFINDO has withdrawn the rating of PT Modernland Realty Tbk

Rating Rationale

To
Release Date Title
19 Sep 2012 PEFINDO assigned its "idA-" rating to MDLN
3 Dec 2012 "idA-" rating assigned to MDLN's proposed bond II amounting to IDR500 billion
3 Oct 2013 "idA-" affirmed to MDLN with "positive" outlook
7 Oct 2014 MDLN's ratings upgraded to "idA" from "idA-"
8 Apr 2015 MDLN's ratings affirmed at "idA"
3 Jun 2015 MDLN's Shelf-Registration Bond assigned at "idA"
8 Apr 2016 MDLN's ratings affirmed at "idA", outlook "negative"
11 Apr 2017 PEFINDO affirms "idA" rating to PT Modernland Realty Tbk
11 Apr 2018 PEFINDO lowers PT Modernland Realty Tbk rating to "idA-"
11 Apr 2019 PEFINDO affirms "idA-" ratings for PT Modernland Realty Tbk and its Bond, outlook revised to "negative"
15 Apr 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idBBB", outlook revise to credit watch negative due to heightened refinancing risk
15 Jun 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idBBB-", outlook maintained at CreditWatch negative
24 Jun 2020 PEFINDO lowers the ratings for PT Modernland Realty Tbk and its Bond to "idCCC", outlook maintained at CreditWatch Negative
7 Jul 2020 PEFINDO lowers the rating of PT Modernland Realty Tbk's Bond to "idD"
5 Oct 2020 PT Modernland Realty Tbk's IDR Bond rated "idCCC"
7 Apr 2021 PEFINDO affirms PT Modernland Realty Tbk's rupiah-denominated Bond at "idCCC"