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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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Perkebunan Nusantara III (Persero)

(PTPN)

Corporate Rating/Outlook idA- Stable Updated on 6 May 2024

Press Release

To
Release Date Title
22 Aug 2005 PEFINDO upgraded its ratings for PT Perkebunan Nusantara III (PTP3 or the Company) and the Company's Bond I/2003 of IDR150 billion as well as Bond II/2004 of IDR175 billion to "idA+" from "idA".
5 Oct 2006 PEFINDO affirmed its "idA+" ratings for PT Perkebunan Nusantara III.
28 May 2007 PEFINDO upgraded the ratings for PT Perkebunan Nusantara III (PTP3 or the Company) and the Company's Bond to "idAA-" from "idA+".
5 Feb 2009 PEFINDO reaffirmed ratings at "idAA-" for PT Perkebunan Nusantara III.
23 Apr 2009 PEFINDO reaffirmed the rating of "idAA-" for PT Perkebunan Nusantara III (Persero)'s Bond.
16 Sep 2009 PEFINDO reaffirmed at "idAA-" the ratings for PT Perkebunan Nusantara III (Persero).
6 May 2010 PEFINDO reaffirmed the rating of "idAA-" for PT Perkebunan Nusantara III (Persero).
16 Jul 2010 PEFINDO affirmed its "idAA-" ratings of PT Perkebunan Nusantara III (Persero).
23 Feb 2011 PEFINDO affirmed its "idAA-" ratings of PT Perkebunan Nusantara III (Persero).
12 Apr 2011 PEFINDO affirmed its "idAA-" rating of Bond II/2004 series C of PT Perkebunan Nusantara III (Persero), which will mature on July 13, 2011.
6 Oct 2011 PEFINDO affirmed its "idAA-" ratings of PT Perkebunan Nusantara III (Persero).
16 Jul 2012 PEFINDO affirmed its "idAA-" rating of MTN Year 2007 of PT Perkebunan Nusantara III (Persero), which will mature on September 12, 2012.
10 Sep 2012 PTPN III Ready to Pay MTN.
20 Feb 2013 Ratings for PT Perkebunan Nusantara III and its Medium Term Notes affirmed at "idAA-"
24 Oct 2013 The "idAA-" rating for the maturing MTN of PT Perkebunan Nusantara III (Persero)
4 Mar 2014 PEFINDO lowered PTPN's ratings from "idAA-" to "idA+"
27 Oct 2014 PTPN Ready to Repay MTN Year 2011 in December
2 Mar 2015 PEFINDO has affirmed its "idA+" ratings for PTPN
7 Oct 2015 PTPN Ready to Repay MTN Year 2010
11 Mar 2016 PEFINDO has assigned its "idA" rating for PTPN
17 Mar 2017 PEFINDO affirmed the ratings of PTPN at "idA", outlook revised to "stable"
10 Aug 2018 PEFINDO assigns "idA" rating to PT Perkebunan Nusantara III (Persero)
8 Nov 2018 PEFINDO affirms "idA" rating to PT Perkebunan Nusantara III (Persero)
30 Jan 2019 PEFINDO affirms "idA" rating to PT Perkebunan Nusantara III (Persero); assigns ratings of "idA" to MTN II/2018 and "idA(sy)" to MTN Syariah Ijarah I/2018
24 Apr 2019 PEFINDO affirms "idA" ratings to PT Perkebunan Nusantara III (Persero) and its MTN, and "idA(sy)" rating to its MTN Syariah Ijarah I/2018
10 May 2019 PEFINDO assigns "idA" rating to PT Perkebunan Nusantara III (Persero)'s MTN III/2019
30 Aug 2019 PEFINDO assigns "idA(sy)" rating to PT Perkebunan Nusantara III (Persero)'s Sukuk Ijarah II/2019
13 Apr 2020 PEFINDO affirms "idA" rating to PT Perkebunan Nusantara III (Persero), revises outlook to negative
1 Jul 2020 PEFINDO lowers the rating of PT Perkebunan Nusantara III (Persero) to "idBBB" and revises outlook to CreditWatch with Negative Implication
1 Oct 2020 PEFINDO affirms the rating of PT Perkebunan Nusantara III (Persero) at "idBBB" and maintains CreditWatch with Negative Implication outlook
30 Dec 2020 PT Perkebunan Nusantara III (Persero) rating affirmed at "idBBB", outlook maintained at "CreditWatch with Negative Implication"
30 Mar 2021 PT Perkebunan Nusantara III (Persero) rating affirmed at "idBBB", outlook revised to stable
14 Mar 2022 PT Perkebunan Nusantara III (Persero) rating raised to "idBBB+"
2 Dec 2022 PEFINDO has affirmed its idBBB+(sy) rating for Sukuk Ijarah Serie D, G, and H Year 2019 issued by PT Perkebunan Nusantara III (Persero) (PTPN)
21 Feb 2023 PEFINDO has withdrawn the ratings of Sukuk Ijarah II Tahun 2019 PT Perkebunan Nusantara III (Persero) Seri D, Sukuk Ijarah II Tahun 2019 PT Perkebunan Nusantara III (Persero) Seri G and Sukuk Ijarah II Tahun 2019 PT Perkebunan Nusantara III (Persero) Seri
13 Mar 2023 PEFINDO has affirmed idBBB+ rating for PT Perkebunan Nusantara III (Persero) (PTPN) and revised the outlook to positive from stable
24 Nov 2023 PEFINDO has affirmed idBBB+ rating for MTN II PTPN III Year 2018 of IDR375 billion and idBBB+(sy) rating for MTN Syariah Ijarah I PTPN III Year 2018 of IDR125 billion, both issued by PT Perkebunan Nusantara III (Persero) and will mature on January 23, 202
13 Dec 2023 PEFINDO views that the establishment of two sub-holding companies under PT Perkebunan Nusantara III (Persero) or PTPN has no immediate impact to PTPN’s rating
24 Jan 2024 With the full repayment of MTN II PTPN III Tahun 2018 and MTN Syariah Ijarah I PTPN III Tahun 2018 issued by PT Perkebunan Nusantara III (Persero) on January 23, 2024
6 May 2024 PEFINDO has raised the rating of PT Perkebunan Nusantara III (PTPN III) to idA- with stable outlook from idBBB+ with positive outlook

Rating Rationale

To
Release Date Title
22 Aug 2005 PEFINDO upgraded its ratings for PT Perkebunan Nusantara III (PTP3 or the Company) to idA
5 Oct 2006 PEFINDO affirmed its "idA+" ratings for PT Perkebunan Nusantara III (PTP3 or the Company)
28 May 2007 PEFINDO upgraded the ratings for PT Perkebunan Nusantara III (PTP3 or the Company)
5 Feb 2009 PEFINDO reaffirmed ratings at "idAA-" for PT Perkebunan Nusantara III (PTP3 or the Company)
16 Sep 2009 PEFINDO reaffirmed at "idAA-" the ratings for PT Perkebunan Nusantara III (Persero)
16 Jul 2010 PEFINDO affirmed its "idAA-" ratings of PT Perkebunan Nusantara III (Persero)
23 Feb 2011 PEFINDO affirmed its "idAA-" ratings of PT Perkebunan Nusantara III (Persero), hereinafter referred to as PTPN or the Company
6 Oct 2011 PEFINDO affirmed its "idAA-" ratings on PT Perkebunan Nusantara III (Persero)
26 Mar 2013 Ratings for PT Perkebunan Nusantara III and its Medium Term Notes affirmed at "idAA-"
4 Mar 2014 PEFINDO lowered PTPN's ratings from "idAA-" to "idA+"
2 Mar 2015 PEFINDO has affirmed its "idA+" ratings for PTPN
11 Mar 2016 PEFINDO has assigned its "idA" rating for PTPN
24 Apr 2019 PEFINDO affirms "idA" ratings to PT Perkebunan Nusantara III (Persero) and its MTN, and "idA(sy)" rating to its MTN Syariah Ijarah I/2018
13 Apr 2020 PEFINDO affirms "idA" rating to PT Perkebunan Nusantara III (Persero), revises outlook to negative
1 Jul 2020 PEFINDO lowers the rating of PT Perkebunan Nusantara III (Persero) to "idBBB" and revises outlook to CreditWatch with Negative Implication
30 Dec 2020 PT Perkebunan Nusantara III (Persero) rating affirmed at "idBBB", outlook maintained at "CreditWatch with Negative Implication"
30 Mar 2021 PT Perkebunan Nusantara III (Persero) rating affirmed at "idBBB", outlook revised to stable
14 Mar 2022 PT Perkebunan Nusantara III (Persero) rating raised to "idBBB+"
13 Mar 2023 PEFINDO has affirmed idBBB+ rating for PT Perkebunan Nusantara III (Persero) (PTPN) and revised the outlook to positive from stable
31 May 2024 PEFINDO has raised the rating of PT Perkebunan Nusantara III (PTPN III) to idA- with stable outlook from idBBB+ with positive outlook