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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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Pembangunan Perumahan (Persero) Tbk.

(PTPP)

Corporate Rating/Outlook idBBB+ Negative Updated on 15 Jan 2026

Press Release

To
Release Date Title
22 Sep 2005 PEFINDO affirmed its ratings of "idBBB" for PT Pembangunan Perumahan Persero.
25 Aug 2006 PEFINDO downgraded its ratings for PT Pembangunan Perumahan Persero (PBPR or the Company) and the Company's Bonds II/2004 of IDR250 billion due September 2007 to "idBBB-" from "idBBB".
29 Dec 2006 PEFINDO has withdrawn the rating for PT Pembangunan Perumahan's (PBPR or the Company) Medium Term Notes (MTN).
2 Feb 2007 PEFINDO reassigned a rating of "idBBB-(sy)" with Stable Outlook to PT Pembangunan Perumahan.
27 Aug 2007 PEFINDO reaffirmed its "idBBB-" rating to PT Pembangunan Perumahan (PBPR or the Company)'s Bond II/2004 amounting to IDR247 billion due September 1st 2007.
13 Nov 2012 Pefindo assigned "idA-" ratings for PT Pembangunan Perumahan (Persero) Tbk
14 Dec 2012 Pefindo affirmed "idA-" ratings for PT Pembangunan Perumahan (Persero) Tbk.
28 Dec 2012 Pefindo affirmed "idA-" ratings for PT Pembangunan Perumahan (Persero) Tbk.
31 Jan 2013 PEFINDO's Government-Related Entities Rating Methodology
11 Dec 2013 Ratings of PT Pembangunan Perumahan (Persero) Tbk and its MTNs and Bond are raised to "idA"
5 Jun 2014 The ratings of PTPP's maturing MTNs are "idA"
5 Dec 2014 Ratings of PT Pembangunan Perumahan (Persero) Tbk and its Bond are affirmed at "idA"
15 Dec 2014 Rating of PT Pembangunan Perumahan (Persero) Tbk's MTN is "idA", the corporate and Bond ratings are affirmed at "idA"
14 Dec 2015 Ratings of PT Pembangunan Perumahan (Persero) Tbk and its Bonds and MTN are affirmed at "idA"
16 Nov 2016 PEFINDO upgrades the ratings of PT Pembangunan Perumahan (Persero) Tbk and its bonds and MTN to "idA+"
10 Nov 2017 PEFINDO affirms "idA+" ratings for PT Pembangunan Perumahan (Persero) Tbk and its Shelf-Registered Bonds
7 Dec 2017 PEFINDO affirms the rating of PT Pembangunan Perumahan (Persero) Tbk's maturing Shelf-Registered Bond at "idA+"
15 Mar 2018 PEFINDO affirms "idA+" ratings for PT Pembangunan Perumahan (Persero) Tbk and its Shelf-Registered Bonds
24 May 2018 PEFINDO assigns "idA-" rating for PT Pembangunan Perumahan (Persero) Tbk's proposed Perpetual Bond
10 Jul 2018 PEFINDO assigns "idA+" rating for PT Pembangunan Perumahan (Persero) Tbk's proposed Shelf Registered Bond II Year 2018
14 Mar 2019 PEFINDO affirms "idA+" ratings for PT Pembangunan Perumahan (Persero) Tbk and its Shelf-Registered Bonds
2 Dec 2019 PEFINDO affirms "idA+" rating for PT Pembangunan Perumahan (Persero) Tbk's maturing bond
11 Mar 2020 PEFINDO affirms "idA+" rating for PT Pembangunan Perumahan (Persero) Tbk, outlook is revised to negative
15 Mar 2021 Ratings of PT Pembangunan Perumahan (Persero) Tbk lowered to "idA", outlook revised to stable
18 Mar 2021 PT Pembangunan Perumahan (Persero) Tbk rated "idA" with stable outlook
3 May 2021 PT Pembangunan Perumahan (Persero) Tbk's maturing bonds rated "idA"
30 Jun 2021 PT Pembangunan Perumahan (Persero) Tbk's new bonds issuance rated "idA"
11 Mar 2022 PT Pembangunan Perumahan (Persero) Tbk rated "idA" with stable outlook
26 Apr 2022 PT Pembangunan Perumahan (Persero) Tbk new bonds issuance rated "idA"
28 Sep 2022 PEFINDO has affirmed its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP)'s maturing Shelf-Registered (SR) Bond II Phase II Series A of IDR1 trillion due on November 27, 2022
28 Nov 2022 PEFINDO has withdrawn the rating of Obligasi Berkelanjutan II PTPP Tahap II Tahun 2019 Seri A issued by PT Pembangunan Perumahan (Persero) Tbk based on the full repayment of the debt instrument on November 28, 2022
13 Mar 2023 PEFINDO has affirmed its idA ratings for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II and SR bonds III.
5 May 2023 PEFINDO has affirmed its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s maturing Shelf-Registered (SR) Bond II Phase I Series B of IDR460 billion due on July 6, 2023.
6 Jul 2023 With the full repayment of Obligasi Berkelanjutan II PTPP Tahap I Tahun 2018 Seri B on July 6, 2023, PEFINDO has withdrawn the rating of the debt instrument
11 Sep 2023 PEFINDO has revised the outlook for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to CreditWatch with Negative Implications from stable
12 Oct 2023 PEFINDO has revised the outlook for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to stable from CreditWatch with Negative Implications
15 Mar 2024 PEFINDO has affirmed its idA ratings for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II and SR bonds III
28 Mar 2024 PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s Shelf-Registered (SR) Bond III/2021 Phase I Serie A of IDR850 billion and SR Sukuk I/2021 Phase I Serie A of IDR400 billion will mature on July 2, 2024
27 Jun 2024 PEFINDO has assigned its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s proposed shelf-registered (SR) bonds IV amounting to a maximum of IDR3 trillion
2 Jul 2024 With the full repayment of Obligasi Berkelanjutan III PTPP Tahap I Tahun 2021 Seri A and Sukuk Mudharabah Berkelanjutan I PTPP Tahap I Tahun 2021 Seri A on July 2, 2024, issued by PT Pembangunan Perumahan (Persero) Tbk, PEFINDO has withdrawn the ratings o
20 Aug 2024 PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s Shelf-Registered (SR) Bond II Phase II Serie B of IDR250 billion (rated idA) will mature on November 27, 2024
28 Nov 2024 With the full repayment of Obligasi Berkelanjutan II PTPP Tahap II Tahun 2019 Seri B on November 28, 2024, issued by PT Pembangunan Perumahan (Persero) Tbk, PEFINDO has withdrawn the rating of the debt instrument
21 Jan 2025 PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s Shelf-Registered (SR) Bond III Phase II Serie A of IDR140 billion (rated idA) and SR Sukuk I Phase II Serie A of IDR60 billion (rated idA(sy)) will mature on April 22, 2025
13 Mar 2025 PEFINDO has affirmed its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II, III, and IV
22 Apr 2025 PT Pembangunan Perumahan (Persero) Tbk has fully repaid Obligasi Berkelanjutan III PTPP Tahap II Tahun 2022 Seri A and Sukuk Mudharabah Berkelanjutan I PTPP Tahap II Tahun 2022 Seri A
15 Jan 2026 PEFINDO has lowered the corporate rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to idBBB+ from idA. At the same time, we also lowered the ratings of PTPP’s Shelf-Registered (SR) Sukuk I and SR Bond III and IV to idBBB+ from idA

Rating Rationale

To
Release Date Title
22 Sep 2005 PEFINDO affirmed its ratings of "idBBB" for PT Pembangunan Perumahan (Persero) (PBPR or the Company).
13 Nov 2012 Pefindo assigned "idA-" ratings for PT Pembangunan Perumahan (Persero) Tbk
14 Jan 2013 Pefindo affirmed "idA-" ratings for PT Pembangunan Perumahan (Persero) Tbk
11 Dec 2013 Ratings of PT Pembangunan Perumahan (Persero) Tbk and its MTNs and Bond are raised to "idA"
15 Dec 2014 Rating of PT Pembangunan Perumahan (Persero) Tbk's MTN is "idA", the corporate and Bond ratings are affirmed at "idA"
14 Dec 2015 Ratings of PT Pembangunan Perumahan (Persero) Tbk and its Bonds and MTN are affirmed at "idA"
16 Nov 2016 PEFINDO upgrades the ratings of PT Pembangunan Perumahan (Persero) Tbk and its bonds and MTN to "idA+"
10 Nov 2017 PEFINDO affirms "idA+" ratings for PT Pembangunan Perumahan (Persero) Tbk and its Shelf-Registered Bonds
10 Jul 2018 PEFINDO assigns "idA+" rating for PT Pembangunan Perumahan (Persero) Tbk's proposed Shelf Registered Bond II Year 2018
11 Mar 2020 PEFINDO affirms "idA+" rating for PT Pembangunan Perumahan (Persero) Tbk, outlook is revised to negative
15 Mar 2021 Ratings of PT Pembangunan Perumahan (Persero) Tbk lowered to "idA", outlook revised to stable
30 Jun 2021 PT Pembangunan Perumahan (Persero) Tbk's new bonds issuance rated "idA"
11 Mar 2022 PT Pembangunan Perumahan (Persero) Tbk rated "idA" with stable outlook
13 Mar 2023 PEFINDO has affirmed its idA ratings for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II and SR bonds III
11 Sep 2023 PEFINDO has revised the outlook for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to CreditWatch with Negative Implications from stable
12 Oct 2023 PEFINDO has revised the outlook for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to stable from CreditWatch with Negative Implications
25 Mar 2024 PEFINDO has affirmed its idA ratings for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II and SR bonds III
27 Jun 2024 PEFINDO has assigned its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP)’s proposed shelf-registered (SR) bonds IV amounting to a maximum of IDR3 trillion
18 Mar 2025 PEFINDO has affirmed its idA rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP) and its shelf-registered (SR) bonds II, III, and IV
10 Feb 2026 PEFINDO has lowered the corporate rating for PT Pembangunan Perumahan (Persero) Tbk (PTPP) to idBBB+ from idA. At the same time, we also lowered the ratings of PTPP’s Shelf-Registered (SR) Sukuk I and SR Bond III and IV to idBBB+ from idA