{
    "success": true,
    "data": {
        "id": 1673108,
        "msgid": "pefindo-assigns-ida-rating-to-prime-agri-resources-sgro-with-stable-outlook-1776023440",
        "date": "2026-04-12 12:56:03",
        "title": "Pefindo Assigns idA Rating to Prime Agri Resources (SGRO) with Stable Outlook",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT Pemeringkat Efek Indonesia (Pefindo) has affirmed an idA rating with a stable outlook for PT Prime Agri Resources Tbk (SGRO), along with similar ratings for its sustainable bonds and sukuk. The rating could be upgraded if the company achieves sustainable productivity growth, expands its plantation areas, and diversifies products while maintaining strong financials, but it risks downgrade amid significant debt increases or sharp declines in crude palm oil prices. Despite a 16.42% revenue rise to Rp 6.44 trillion in 2025, SGRO's net profit fell 44.26% to Rp 504.77 billion from the previous year.",
        "content": "<p>JAKARTA. PT Pemeringkat Efek Indonesia (Pefindo) has assigned an idA\nrating to PT Prime Agri Resources Tbk (SGRO). \u201cPefindo affirms the idA\nrating with a stable outlook for PT Prime Agri Resources Tbk (SGRO),\u201d\nstated Fahrinaldi Akbar and Kresna Wiryawan, Pefindo analysts, in an\nofficial statement on Friday (10\/4\/2026). Pefindo also affirms the idA\nrating for Sustainable Bond I and Sustainable Bond II, as well as the\nidA(sy) rating for Sustainable Ijarah Sukuk I and Sustainable Ijarah\nSukuk II issued by the company. The rating could be upgraded if SGRO\nmanages to increase sustainable productivity growth, or expand its\nplantation areas and enhance business integration and product\ndiversification while maintaining a strong financial profile. \u201cThe\nrating could be downgraded if the company adds debt far exceeding\nprojections or if crude palm oil prices fall significantly, which could\nweaken the company\u2019s overall financial profile,\u201d Pefindo explained in\nits report. As is known, PT Prime Agri Resources Tbk (SGRO) recorded a\ndecline in net profit despite rising revenue throughout 2025. Revenue\nfrom customer contracts was recorded at Rp 6.44 trillion in 2025, up\n16.42% from Rp 5.53 trillion in 2024. Meanwhile, net profit stood at Rp\n504.77 billion in 2025, down 44.26% from Rp 905.59 billion in 2024.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pefindo-assigns-ida-rating-to-prime-agri-resources-sgro-with-stable-outlook-1776023440",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}