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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Bank Pan Indonesia Tbk.

(PNBN)

Corporate Rating/Outlook idAA Stable Updated on 7 Mar 2024

Press Release

To

Release Date Title
3 Oct 2005 PEFINDO affirmed its ratings of "idA" for PT Bank Pan Indonesia Tbk.
18 Oct 2006 PEFINDO upgraded its ratings for PT Bank Pan Indonesia Tbk
11 May 2007 PEFINDO affirmed its ratings for PT Bank Pan Indonesia Tbk at "idA" and the Bank's Subordinated Bond I of IDR1.3 trillion maturing June, 2013 at "idA-".
22 Feb 2008 PEFINDO upgraded the ratings for PT Bank Pan Indonesia Tbk and the Bank's outstanding Bond to "idA+" from "idA".
21 May 2008 PEFINDO reaffirmed its "idA" rating to PT Bank Pan Indonesia
20 Feb 2009 PEFINDO affirmed its ratings of "idA+" for PT Bank Pan Indonesia Tbk.
7 Aug 2009 PEFINDO upgraded the ratings of PT Bank Pan Indonesia Tbk from "idA+" to"idAA-".
1 Jun 2010 PEFINDO reaffirmed its "idAA-" rating to PT Bank Pan Indonesia Tbk.
23 Aug 2010 PEFINDO upgraded the ratings of PT Bank Pan Indonesia Tbk to "idAA" from "idAA-".
9 Aug 2011 PEFINDO affirmed its "idAA" rating to PT Bank Pan Indonesia Tbk.
19 Mar 2012 PEFINDO affirmed its "idAA" to PT Bank Panin Tbk's Bond II/2007 series B which will fall due on June 19, 2012.
3 Aug 2012 PEFINDO affirmed its "idAA" ratings to PT Bank Pan Indonesia Tbk.
9 Oct 2012 Panin Bank's rating affirmed at "idAA", reflecting its strong market position in banking industry.
14 Nov 2012 PEFINDO's Parent Support Methodology
29 Nov 2012 PEFINDO assigned "idAA" and "dAA-" rating to Panin Bank's proposed PUB Bond I/2012 and Subordinated Bond I/2012, respectively
3 Oct 2013 Panin Bank's ratings affirmed at "idAA" with stable outlook
4 Apr 2014 Panin Bank's maturing bond rating affirmed at "idAA"
23 Jul 2014 Panin Bank's maturing bond rating affirmed at "idAA"
7 Oct 2014 Panin Bank's ratings affirmed at "idAA" with stable outlook
1 Jul 2015 Panin Bank's maturing bond rating affirmed at "idAA"
12 Oct 2015 Panin Bank's ratings affirmed at "idAA" with stable outlook
4 Apr 2016 Panin Bank's ratings affirmed at "idAA" with stable outlook
26 May 2016 Panin Bank's ratings affirmed at "idAA" with stable outlook
12 Apr 2017 PEFINDO affirms "idAA" rating for Panin Bank
31 Oct 2017 Bank Panin's maturing sub-debt and bond ratings are maintained at "idAA-" and "idAA"
27 Mar 2018 PEFINDO affirms "idAA" rating for Panin Bank
12 Apr 2018 PEFINDO affirms "idAA" rating for Panin Bank
6 Jul 2018 PEFINDO assigns "idAA" rating for Panin Bank's Bond and "idA+(sy)" rating for its Subordinated Bond
4 Apr 2019 PEFINDO affirms "idAA" rating for Panin Bank
18 Oct 2019 Bank Panin's maturing sub-debt is maintained at "idAA-"
13 Apr 2020 Panin Bank rated "idAA" with stable outlook
17 Feb 2021 Bank Panin's maturing bond rated "idAA"
6 Apr 2021 Panin Bank rated "idAA" with stable outlook
16 Aug 2021 Bank Panin's maturing bond rated "idAA"
4 Apr 2022 Panin Bank rated "idAA"
16 Dec 2022 PEFINDO has affirmed its "idAA" rating for PT Pan Indonesia Tbk (Panin Bank)'s Shelf Registration Bond II Phase III Year 2018 of IDR3.9 trillion maturing on February 27
27 Feb 2023 With the full repayment of Obligasi Berkelanjutan II Bank Panin Tahap III Tahun 2018 on February 27, 2023, PEFINDO has withdrawn the rating of the debt instrument
13 Apr 2023 PEFINDO has affirmed its “idAA” ratings to PT Bank Pan Indonesia Tbk (Panin Bank) and its Continuous Bonds III Phase I/2018.
3 Jul 2023 With the full repayment of Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap I Tahun 2016 and Obligasi Berkelanjutan III Bank Panin Tahap I Tahun 2018 on July 3, 2023, PEFINDO has withdrawn the ratings of the debt instruments
22 Dec 2023 PEFINDO has affirmed its “idA+” rating for PT Pan Indonesia Tbk (Panin Bank)’s Shelf Registration Subordinated Bond II Phase II Year 2017 of IDR2.4 trillion maturing on March 17, 2024
7 Mar 2024 PEFINDO has affirmed its idAA rating with stable outlook to PT Bank Pan Indonesia Tbk (Panin Bank)
18 Mar 2024 With the full repayment of Obligasi Subordinasi Berkelanjutan II Bank Panin Tahap II Tahun 2017 on March 18, 2024, PEFINDO has withdrawn the rating of the debt instrument
3 Jul 2024 PEFINDO has assigned idAA to PT Bank Pan Indonesia Tbk (Panin Bank)’s proposed Shelf Registered Bond IV at a maximum of IDR15 trillion and idA+ for the proposed Shelf Registered Subordinated Bond IV at a maximum of IDR8 trillion

Rating Rationale

To

Release Date Title
3 Oct 2005 PEFINDO affirmed its ratings of "idA-" for PT Bank Pan Indonesia Tbk (PNBN or the Bank) and the Bank's long-term Bond I of IDR500 bn maturing on March 6, 2007.
11 May 2007 PEFINDO affirmed its ratings for PT Bank Pan Indonesia Tbk (PNBN or the Bank) at "idA"
22 Feb 2008 PEFINDO upgraded the ratings for PT Bank Pan Indonesia Tbk (PNBN or the Bank)
20 Feb 2009 PEFINDO affirmed its ratings of "idA+" for PT Bank Pan Indonesia Tbk (PNBN or the Bank)
7 Aug 2009 PEFINDO upgraded the ratings of PT Bank Pan Indonesia Tbk (PNBN or the Bank)
23 Aug 2010 PEFINDO upgraded the ratings of PT Bank Pan Indonesia Tbk (PNBN or the Bank)
16 Jan 2012 PEFINDO affirmed its "idAA" rating to PT Bank Pan Indonesia Tbk (Panin Bank or the Bank)
29 Nov 2012 PEFINDO assigned "idAA" and "idAA-" rating to Panin Bank's proposed PUB Bond I/2012 and Subordinated Bond I/2012, respectively
3 Oct 2013 Panin Bank's ratings affirmed at "idAA" with stable outlook
7 Oct 2014 Panin Bank's ratings affirmed at "idAA" with stable outlook
26 May 2016 Panin Bank's ratings affirmed at "idAA" with stable outlook
12 Apr 2017 PEFINDO affirms "idAA" rating for Panin Bank
12 Apr 2018 PEFINDO affirms "idAA" rating for Panin Bank
6 Jul 2018 PEFINDO assigns "idAA" rating for Panin Bank's Bond and "idA+(sy)" rating for its Subordinated Bond
6 Apr 2021 Panin Bank rated "idAA" with stable outlook
4 Apr 2022 Panin Bank rated "idAA"
17 May 2023 PEFINDO has affirmed its “idAA” ratings to PT Bank Pan Indonesia Tbk (Panin Bank) and its Continuous Bonds III Phase I/2018.
22 Mar 2024 PEFINDO has affirmed its idAA rating with stable outlook to PT Bank Pan Indonesia Tbk (Panin Bank)
3 Jul 2024 PEFINDO has assigned idAA to PT Bank Pan Indonesia Tbk (Panin Bank)’s proposed Shelf Registered Bond IV at a maximum of IDR15 trillion and idA+ for the proposed Shelf Registered Subordinated Bond IV at a maximum of IDR8 trillion