Pefindo

PEFINDO, which is the only locally-owned domestic credit rating agency, has been rating entities and their debt instruments listed in Indonesia Stock Exchange House. As of today, it has rated more than 700 companies and regional governments. Capital market instruments including the conventional senior- and sub-ordinated bond, sukuk, medium-term not... es (MTN), KIK-EBA, and mutual fund have all been rated by PEFINDO. To develop municipal bond market in Indonesia, PEFINDO, with strong support from the World Bank and Asian Development Bank, has started to rate regional governments since 1993. A strategic alliance with Standard & Poor's (S&P), the leading global credit rating agency, starting in 1996, has enabled PEFINDO to adopt rating methodology by international standards. PEFINDO has carefully diversify its operations. Services like PEFINDO25, a stock index comprising of selected small- and medium-size companies, and SME Rating are some of the initiatives that have already been launched. To maintain its independency, PEFINDO is owned by a total of 86 entities (as of March 2019) representing key players in Indonesia capital markets in which no shareholder owns more than 50 percent.Read More