Fitch Assigns 'BBB' Rating to Danantara Investment Management - BCA Securities

Thu, 04 Jun 2026, 07:26 WIB | By | Source: BCASEKURITAS.CO.ID | Finance

FITCH ASSIGNS ‘BBB’ RATING TO DANANTARA INVESTMENT MANAGEMENT

Share via

Category

Economy Business

Published On

04 June 2026

15426038

IQPlus, (4/6) - Credit rating agency Fitch Ratings has assigned a ‘BBB’ (triple B) credit rating to the global medium-term notes (MTN) programme of PT Danantara Investment Management (DIM), including its planned maiden bond issuance.

“Fitch has assigned a long-term senior unsecured rating of ‘BBB’ to the proposed global medium-term note (MTN) programme of PT Danantara Investment Management (DIM) as well as the maiden bond issuance under the programme,” Fitch wrote in its report quoted in Jakarta, Wednesday.

Fitch assesses that the ‘BBB’ rating given to the bonds is equal to DIM’s long-term issuer credit rating. This assessment is given because the bonds to be issued are the company’s direct, unsecured obligations and have the same status as other obligations.

Fitch believes that the Indonesian government has the opportunity to provide full support to DIM if needed. Therefore, DIM’s rating is equated with the Indonesian government’s current credit rating, which is at the ‘BBB’ level with a negative outlook. This is reflected in a support score of 55 out of a maximum of 60 points.

“DIM’s Issuer Default Rating (IDR) is driven by Fitch’s assessment that there is a ‘virtually certain’ probability that the company will receive support from the Indonesian government, which currently has a ‘BBB’ rating with a negative outlook, based on Fitch’s Government-Related Entities Rating Criteria,” the report said.

DIM also has full responsibility for the MTN programme and all debt securities issued under the scheme.

DIM plans to issue its maiden bonds through the global MTN programme. The funds raised will be used to support investment activities in accordance with the company’s mandate.

Furthermore, Fitch stated that a downgrade of DIM’s IDR will be followed by a downgrade of the company’s issued bonds. The risk of a rating downgrade may also arise if the Indonesian government’s debt rating is downgraded or the government’s support score for DIM falls below 45 points.

Conversely, if DIM’s IDR is upgraded, the company’s bond rating will also increase. An increase in Indonesia’s credit rating could also potentially lead to an increase in DIM’s rating as long as the assessment of government support for the company remains in place. (end)

Related Research