PEFINDO Affirms idAAA(sy) Ratings for Indonesia Eximbank’s Shelf Registered Sukuk Mudharabah

Pemeringkat Efek Indonesia (PEFINDO) has affirmed the ‘idAAA(sy)’ ratings of Indonesia Eximbank’s Shelf Registered Sukuk Mudharabah I Phase I Year 2018 Series B (IDR 365 billion) and Sukuk Mudharabah II Phase I Year 2020 (IDR 100 billion). In addition, the ratings agency has affirmed the corporate rating of the bank at ‘idAAA/Stable’ and outstanding debt securities issued at ‘idAAA’.

Ratings Rationale

The ratings reflect Indonesia Eximbank’s superior capacity to meet its long-term financial commitments, and its readiness to repay maturing bonds and Sukuk due in June and July 2021, supported by liquid assets amounting to IDR 13.5 trillion as at end of December 2020. The corporate rating reflects Indonesi...