Credit Ratings

PEFINDO
March 2020	Rating
Corporate Rating	_idAAA/Stable Outlook
Shelf Reg. Bond III Tranche I/2019	_idAAA
Shelf Reg. Bond II Tranche IV/2019	_idAAA
Shelf Reg. Bond II Tranche III/2018	_idAAA
Shelf Reg. Bond II Tranche II/2018	_idAAA
Shelf Reg. Bond II Tranche I/2017	_idAAA
Shelf Reg. Sukuk Mudharabah II Tranche I/2017	_idAAA(sy)
Shelf Reg. Subordinated Bond II Tranche II/2016	_idAA
Shelf Reg. Subordinated Bond II Tranche I/2014	_idAA

FITCH RATINGS
May 2020	Rating
Long Term Issuer Default Rating	BBB, Stable Outlook
Short Term Issuer Default Rating	F2
National Long-Term Rating	AAA(idn), Stable Outlook
National Short-Term Rating	F1+(idn)
Viability Rating	bb
Support Rating	2
Shelf Reg. Subordinated Bond II Tranche II/2016	AA(idn)
Shelf Reg. Subordinated Bond II Tranche I/2014	AA(idn)