Askrindo maintains idAA+ credit rating with stable outlook
The idAA+ rating is not only a reflection of performance, but also a mandate to continue strengthening our role in supporting national financing.
PT Asuransi Kredit Indonesia (Persero), or Askrindo, has maintained its idAA+ credit rating with a stable outlook from PT Pemeringkat Efek Indonesia (Pefindo).
Amid the dynamics of the economy and the financial industry, Askrindo has managed to keep its business fundamentals solid, said R. Mahelan Prabantarikso, Director of Compliance, Human Resources and Risk Management at PT Askrindo (Persero), in a written statement in Jakarta on Tuesday.
The assessment was based on a comprehensive evaluation of the company’s business profile and financial performance, referring to the audited financial report as of 31 December 2025.
Mahelan explained that the rating reflects the company’s ability to meet long-term financial obligations, with a low level of credit risk and a position above the average in its category.
This is proof that the strategy we are implementing is on the right and measured track, he added.
Askrindo, he said, prioritises a prudent approach through strengthening portfolio quality, disciplined management of risk exposure, and improving the effectiveness of the underwriting process.
This strategy is said to be key in maintaining a balance between business expansion and financial stability.
Risk management is our main foundation. We ensure that all processes run in an integrated manner, from risk selection to portfolio monitoring, so that the company remains adaptive without ignoring the principle of prudence, he explained.
The stable outlook is believed to reflect expectations for Askrindo’s maintained business prospects. In this context, the insurance function not only acts as risk mitigation, but also as an important instrument in maintaining the quality of credit distribution.
As part of this mandate, Askrindo actively supports the Kredit Usaha Rakyat (KUR) programme, guarantees bank and non-bank financing, and provides suretyship services such as surety bonds and customs bonds.
In addition, the company offers general insurance and microinsurance products to expand risk protection for the public and business actors, particularly in the productive segment.
This idAA+ rating is not only a reflection of performance, but also a mandate to continue strengthening our role in supporting national financing, he said.