Pefindo Maintains BTN Rating at idAAA Level

PT Bank Tabungan Negara (Persero) Tbk (BTN) has maintained its highest rating of idAAA with a stable outlook from PT Pemeringkat Efek Indonesia (Pefindo). This rating is valid for the period from 4 September 2026 to 1 September 2027.

BTN President Director Nixon LP Napitupulu stated that this achievement is a testament to the trust in BTN’s fundamentals and resilience. “This rating motivates us to continue innovating to maintain a strong business position, strengthen liquidity and financial flexibility, and ensure that BTN’s business growth remains healthy and sustainable,” Nixon said in a written statement on Tuesday (8/9/2026).

Pefindo assessed that BTN’s credit strength is supported by very strong business, liquidity, and financial flexibility. Pefindo also assigned a positive predicate to BTN as a corporation due to the very strong support from the government, in line with BTN’s role in supporting government programmes in the housing sector, including President Prabowo Subianto’s Three Million Houses programme.

In addition to the corporate rating, Pefindo also maintained the idAAA rating for the Sustainable Social Bond I Stage I Year 2025 valued at Rp300 billion, as well as the idAA rating for the Subordinated Bond I Stage I Year 2025 valued at Rp2 trillion.

Meanwhile, despite transforming towards a ‘beyond mortgage’ strategy, BTN continues to support government housing programmes, including the provision of subsidised mortgages (KPR) for low-to-middle income communities. As of 30 June 2026, 60% of BTN’s shares are owned by the Indonesian Government through BPI Danantara and BP BUMN, while 40% is held by the public.