Ratings Report

Ratings Report

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Ratings Report

Back to Rating History

PP Properti Tbk.

(PPRO)

Corporate Rating/Outlook idSD - Updated on 16 Oct 2024

Press Release

To

Release Date Title
30 Dec 2015 PEFINDO assigned "idA-" rating to PT PP Properti Tbk
28 Mar 2016 PEFINDO affirmed "idA-" ratings to PT PP Properti Tbk and its MTN Year 2015
27 May 2016 PPRO's ratings assigned at "idA-"
1 Jun 2016 PEFINDO assigned "idA-" rating to PPRO's bond issuance plan
12 Jan 2017 PEFINDO revises the outlook for the corporate rating of PT PP Properti Tbk to "negative"
14 Mar 2017 PEFINDO downgrades the ratings of PT PP Properti Tbk to "idBBB+" from "idA-"
29 May 2017 PEFINDO affirms the ratings of PT PP Properti Tbk's maturing MTN at "idBBB+"
27 Jul 2017 PEFINDO affirms the ratings of PT PP Properti Tbk's maturing MTN at "idBBB+"
30 Aug 2017 PEFINDO lowers PT PP Properti Tbk (PPRO)'s ratings to "idBBB" from "idBBB+"
6 Mar 2018 PEFINDO affirms the ratings of PT PP Properti Tbk's maturing MTN at "idBBB"
13 Aug 2018 PEFINDO affirms PT PP Properti Tbk (PPRO)'s rating at "idBBB"
3 May 2019 PEFINDO affirms the rating of PT PP Properti Tbk's maturing bond at "idBBB"
14 Aug 2019 PEFINDO affirms PT PP Properti Tbk's ratings at "idBBB". Outlook revised to "negative"
17 Oct 2019 PEFINDO affirms "idBBB" rating for PT PP Properti Tbk's maturing MTN
26 May 2020 PEFINDO lowers PT PP Properti Tbk's rating at "idBBB-", and maintains its "negative" outlook
12 Aug 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with negative outlook
11 Sep 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with negative outlook
16 Oct 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with negative outlook
15 Mar 2021 PT PP Properti Tbk's maturing MTN rated "idBBB-"
3 May 2021 PT PP Properti Tbk's maturing Bond rated "idBBB-"
29 Jul 2021 PT PP Properti Tbk's maturing Medium Term Note rated "idBBB-"
30 Aug 2021 PT PP Properti Tbk rated at "idBBB-" with "negative" outlook
10 Sep 2021 PT PP Properti Tbk's proposed bond issuance rated at "idBBB-"
18 Nov 2021 PT PP Properti Tbk's maturing bond rated "idBBB-"
20 May 2022 PT PP Properti Tbk's maturing debt instruments rated "idBBB-"
2 Jun 2022 PT PP Properti Tbk's maturing debt instrument rated "idBBB-"
19 Jul 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan I PP Properti Tahap III Tahun 2019 based on the full repayment of the debt instrument
1 Aug 2022 PEFINDO has withdrawn the rating of MTN XIV PP Properti Tbk Tahun 2019 based on the full repayment of the debt instrument
12 Aug 2022 PEFINDO has affirmed its "idBBB-" ratings for PT PP Properti Tbk (PPRO) and its outstanding bonds. The outlook for the corporate rating is revised to "stable" from "negative"
12 Sep 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan II PP Properti Tahap III Tahun 2021 Seri A based on the full repayment of the debt instrument
23 Nov 2022 PEFINDO has affirmed its "idBBB-" rating for PT PP Properti Tbk (PPRO)'s shelf registered bond II Year 2022 Phase IV of IDR172,5 billion
2 Dec 2022 PEFINDO has affirmed its "idBBB-" rating for PT PP Properti Tbk (PPRO)'s shelf registered bond II Year 2020 Phase I Series A of IDR368,6 billion
24 Jan 2023 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan II PP Properti Tahap IV Tahun 2022 Seri A based on the full repayment of the debt instrument
27 Feb 2023 With the full repayment of Obligasi Berkelanjutan II Tahap I Tahun 2020 Seri A issued on February 27, 2023, PEFINDO has withdrawn the rating of the debt instrument
4 Apr 2023 PEFINDO has affirmed its “idBBB-” rating for PT PP Properti Tbk (PPRO)’s shelf registered bond I Year 2018 Phase I of IDR142,5 billion
6 Jul 2023 With the full repayment of Obligasi Berkelanjutan I PP Properti Tahap I Tahun 2018 Seri B on July 6, 2023, PEFINDO has withdrawn the rating of the debt instrument
10 Aug 2023 PEFINDO has affirmed its idBBB- ratings for PT PP Properti Tbk (PPRO) and its outstanding shelf registered bonds II/2020
1 Apr 2024 PEFINDO has lowered the ratings for PT PP Properti Tbk (PPRO) and its Shelf- Registered (SR) Bond II to idBB- from idBBB-
14 Aug 2024 PEFINDO affirmed its idBB- ratings for PT PP Properti Tbk (PPRO) and its Shelf- Registered (SR) Bond II
3 Sep 2024 PEFINDO has affirmed its idBB- rating for PT PP Properti Tbk (PPRO)’s Shelf-Registered (SR) Bond II Phase III following the maturity extension to September 2, 2026, from initially September 2, 2024
16 Oct 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO) to idSD and its Shelf- Registered (SR) Bond II Phase IV to idD from idBB-
2 Dec 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO)’s Shelf-Registration (SR) Bond II Phase I to idD from idCCC after the Company failed to repay the bond’s maturing coupon due on November 28, 2024
4 Dec 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO)’s Shelf-Registration (SR) Bond II Phase III to idD from idCCC after the Company failed to repay the bond’s maturing coupon due on December 2, 2024

Rating Rationale

To

Release Date Title
30 Dec 2015 PEFINDO assigned "idA-" rating to PT PP Properti Tbk
28 Mar 2016 PEFINDO affirmed "idA-" ratings to PT PP Properti Tbk and its MTN Year 2015
1 Jun 2016 PEFINDO assigned "idA-" rating to PPRO's bond issuance plan
12 Jan 2017 PEFINDO revises the outlook for the corporate rating of PT PP Properti Tbk to "negative"
14 Mar 2017 PEFINDO downgrades the ratings of PT PP Properti Tbk to "idBBB+" from "idA-"
30 Aug 2017 PEFINDO lowers PT PP Properti Tbk (PPRO)'s ratings to "idBBB" from "idBBB+"
13 Aug 2018 PEFINDO affirms PT PP Properti Tbk (PPRO)'s rating at "idBBB"
3 Sep 2019 PEFINDO affirms PT PP Properti Tbk's rating at "idBBB", outlook revised to "negative"
26 May 2020 PEFINDO lowers PT PP Properti Tbk's rating at "idBBB-", and maintains its "negative" outlook
12 Aug 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with negative outlook
24 Sep 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with "negative" outlook
21 Oct 2020 PT PP Properti Tbk's rating affirmed at "idBBB-" with "negative" outlook
10 Sep 2021 PT PP Properti Tbk's proposed bond issuance rated at "idBBB-"
17 Sep 2021 PT PP Properti Tbk's rated at "idBBB-" with "negative" outlook
12 Aug 2022 PEFINDO has affirmed its "idBBB-" ratings for PT PP Properti Tbk (PPRO) and its outstanding bonds. The outlook for the corporate rating is revised to "stable" from "negative"
4 Sep 2023 PEFINDO has affirmed its idBBB- ratings for PT PP Properti Tbk (PPRO) and its outstanding shelf registered bonds II/2020
7 May 2024 PEFINDO has lowered the ratings for PT PP Properti Tbk (PPRO) and its Shelf- Registered (SR) Bond II to idBB- from idBBB-
27 Aug 2024 PEFINDO affirmed its idBB- ratings for PT PP Properti Tbk (PPRO) and its Shelf- Registered (SR) Bond II
24 Sep 2024 PEFINDO has affirmed its idBB- rating for PT PP Properti Tbk (PPRO)’s Shelf-Registered (SR) Bond II Phase III following the maturity extension to September 2, 2026, from initially September 2, 2024
12 Nov 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO) to idSD and its Shelf- Registered (SR) Bond II Phase IV to idD from idBB-
2 Dec 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO)’s Shelf-Registration (SR) Bond II Phase I to idD from idCCC after the Company failed to repay the bond’s maturing coupon due on November 28, 2024
4 Dec 2024 PEFINDO has lowered the rating for PT PP Properti Tbk (PPRO)’s Shelf-Registration (SR) Bond II Phase III to idD from idCCC after the Company failed to repay the bond’s maturing coupon due on December 2, 2024