PEFINDO: PT Angkasa Pura I (Persero)’s maturing bond and sukuk rated “idAA+” and “idAA+(sy)”
Thursday, September 23 2021 - 03:34 PM WIB
(September 23, 2021)--PEFINDO has affirmed its “idAA+” rating for PT Angkasa Pura I (APAI)’s Bond I Year 2016 Seri A of IDR622.0 billion and APAI’s Sukuk Ijarah I Year 2016 Seri A of IDR268.0 billion that will mature on November 22, 2021. The Company plans to repay the maturing bond and sukuk using cash generated from the realization of Shelf-Registered Bond I Year 2021 and Shelf-Registered Sukuk Ijarah I Year 2021 in September 2021.
A debt security rated idAA differs from the highest-rated debt only to a small degree. The issuer’s capacity to meet its long-term financial commitments on the debt security, relative to other Indonesian issuers, is very strong. The plus (+) sign indicates that the rating is relatively strong within its category. The suffix (sy) means the rating mandates compliance with Islamic principles.
A state-owned enterprise (SOE) engaged in airport and airport-related services, APAI operates 15 airports in the central and eastern parts of Indonesia. It is fully owned by Indonesian government as of June 30, 2021. (ends)