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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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Summit Oto Finance

(SOFN)

Corporate Rating/Outlook idAAA Stable Updated on 21 Feb 2025

Press Release

To
Release Date Title
7 Feb 2006 PEFINDO assigned a corporate rating of "idA-" for PT Summit Oto Finance (SOFN or the Company) and "idAAA(cg) " rating for the Company's proposed Bond I/2006 amounting to IDR1 trillion.
31 Jan 2007 PEFINDO upgraded its corporate rating for PT Summit Oto Finance (SOFN or the Company) to "idA" from "idA-".
8 Jan 2008 PEFINDO reaffirmed its "idAAA(cg)" rating to PT Summit Oto Finance (SOFN or the Company)'s Bond I Serie A amounting to IDR 300 Billion due on March 9, 2008.
3 Mar 2008 PEFINDO upgraded the corporate rating of PT Summit Oto Finance to "idA+" from "idA".
26 Mar 2008 PEFINDO affirmed its corporate rating of "idA" for PT Summit Oto Finance and "idAAA(cg)" ratings for the Company's Bonds.
3 Dec 2008 PEFINDO reaffirmed its "idAAA(cg)" rating to PT Summit Oto Finance's Bonds.
27 Mar 2009 PEFINDO affirmed the corporate rating at "idA+" for PT Summit Oto Finance and "idAAA(cg)" rating for the Company's Bond, and assigned "idA+" rating for SOFN's proposed Bond.
27 Apr 2009 PEFINDO reaffirmed its "idAAA(cg)" rating to PT Summit Oto Finance's Bonds II/2007 Serie B amounting to IDR 350 Billion due on September 8, 2009.
30 Apr 2009 PEFINDO affirmed the corporate rating at "idA+" for PT Summit Oto Finance and "idAAA(cg)" rating for the Company's Bond.
9 Feb 2010 PEFINDO reaffirmed "idAAA(cg)" rating to PT Summit Oto Finance.
15 Apr 2010 PEFINDO upgraded the corporate rating for PT Summit Oto Finance to "idAA-" from "idA+".
24 Sep 2010 PEFINDO affirmed the corporate rating of PT Summit Oto Finance and the Company's Bond III/2009 at "idAA-".
21 Jan 2011 PEFINDO reaffirmed the "idAA-" rating to PT Summit Oto Finance's Bond III/2009 Serie B due on May 19, 2011.
1 Jul 2011 PEFINDO raised the corporate rating of PT Summit Oto Finance to "idAA" from "idAA-".
2 Jan 2012 PEFINDO revised the outlook of PT Summit Oto Finance "idAA" rating to "negative" from "stable".
29 Jun 2012 PEFINDO affirmed its "idAA" rating for PT Summit Oto Finance.
14 Nov 2012 PEFINDO's Parent Support Methodology
28 Dec 2012 Rating Outlook for PT Summit Oto Finance is revised to "Stable".
8 Jul 2013 Summit Oto Finance and Maturing Bond Ratings Affirmed at "idAA"
7 Jul 2014 Summit Oto Finance Ratings affirmed at "idAA"
19 Aug 2014 SOFN's maturing bond affirmed at "idAA"
19 Apr 2024 PT Summit Oto Finance (SOF) rated idAAA with stable outlook
21 Feb 2025 PEFINDO has affirmed its idAAA rating with stable outlook to PT Summit Oto Finance (SOF)

Rating Rationale

To
Release Date Title
7 Feb 2006 PEFINDO assigned a corporate rating of "idA-" for PT Summit Oto Finance (SOFN or the Company) and "idAAA(cg)" rating for the Company's proposed Bond I/2006 amounting to IDR1 trillion.
3 Mar 2008 PEFINDo upgraded the corporate rating of PT Summit Oto Finance (SOFN or the Company)
3 Dec 2008 PEFINDO reaffirmed its "idAAA(cg)" rating to PT Summit Oto Finance
27 Mar 2009 PEFINDO affirmed the corporate rating at "idA+" for PT Summit Oto Finance (SOFN or the Company)
27 Apr 2009 PEFINDO reaffirmed its "idAAA(cg)" rating to PT Summit Oto Finance (SOFN or the Company)'s
9 Feb 2010 PEFINDO reaffirmed "idAAA(cg)" rating to PT Summit Oto Finance (SOFN or the Company)
15 Apr 2010 PEFINDO upgraded the corporate rating for PT Summit Oto Finance (SOFN or the Company)
24 Sep 2010 PEFINDO affirmed the corporate rating of PT Summit Oto Finance (SOFN or the Company)
21 Jan 2011 PEFINDO reaffirmed the "idAA-" rating to PT Summit Oto Finance (SOFN or the Company)
1 Jul 2011 PEFINDO raised the corporate rating of PT Summit Oto Finance (SOF or the Company)
8 Oct 2012 PEFINDO affirmed its "idAA" rating for PT Summit Oto Finance (SOFN or the Company) and its outstanding Bond IV/2010.
8 Jul 2013 Summit Oto Finance and Maturing Bond Ratings Affirmed at "idAA"
7 Jul 2014 Summit Oto Finance Ratings affirmed at "idAA"
7 May 2024 PT Summit Oto Finance (SOF) rated idAAA with stable outlook
3 Mar 2025 PEFINDO has affirmed its idAAA rating with stable outlook to PT Summit Oto Finance (SOF)