FITCH ASSIGNS \u2018BBB\u2019 RATING TO DANANTARA INVESTMENT MANAGEMENT<\/p>\n
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Category<\/p>\n
Economy Business<\/p>\n
Published On<\/p>\n
04 June 2026<\/p>\n
15426038<\/p>\n
IQPlus, (4\/6) - Credit rating agency Fitch Ratings has assigned a\n\u2018BBB\u2019 (triple B) credit rating to the global medium-term notes (MTN)\nprogramme of PT Danantara Investment Management (DIM), including its\nplanned maiden bond issuance.<\/p>\n
\u201cFitch has assigned a long-term senior unsecured rating of \u2018BBB\u2019 to\nthe proposed global medium-term note (MTN) programme of PT Danantara\nInvestment Management (DIM) as well as the maiden bond issuance under\nthe programme,\u201d Fitch wrote in its report quoted in Jakarta,\nWednesday.<\/p>\n
Fitch assesses that the \u2018BBB\u2019 rating given to the bonds is equal to\nDIM\u2019s long-term issuer credit rating. This assessment is given because\nthe bonds to be issued are the company\u2019s direct, unsecured obligations\nand have the same status as other obligations.<\/p>\n
Fitch believes that the Indonesian government has the opportunity to\nprovide full support to DIM if needed. Therefore, DIM\u2019s rating is\nequated with the Indonesian government\u2019s current credit rating, which is\nat the \u2018BBB\u2019 level with a negative outlook. This is reflected in a\nsupport score of 55 out of a maximum of 60 points.<\/p>\n
\u201cDIM\u2019s Issuer Default Rating (IDR) is driven by Fitch\u2019s assessment\nthat there is a \u2018virtually certain\u2019 probability that the company will\nreceive support from the Indonesian government, which currently has a\n\u2018BBB\u2019 rating with a negative outlook, based on Fitch\u2019s\nGovernment-Related Entities Rating Criteria,\u201d the report said.<\/p>\n
DIM also has full responsibility for the MTN programme and all debt\nsecurities issued under the scheme.<\/p>\n
DIM plans to issue its maiden bonds through the global MTN programme.\nThe funds raised will be used to support investment activities in\naccordance with the company\u2019s mandate.<\/p>\n
Furthermore, Fitch stated that a downgrade of DIM\u2019s IDR will be\nfollowed by a downgrade of the company\u2019s issued bonds. The risk of a\nrating downgrade may also arise if the Indonesian government\u2019s debt\nrating is downgraded or the government\u2019s support score for DIM falls\nbelow 45 points.<\/p>\n
Conversely, if DIM\u2019s IDR is upgraded, the company\u2019s bond rating will\nalso increase. An increase in Indonesia\u2019s credit rating could also\npotentially lead to an increase in DIM\u2019s rating as long as the\nassessment of government support for the company remains in place.\n(end)<\/p>\n
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