Pefindo Upgrades WIKA's Corporate and Debt Securities Ratings to id B

Jakarta (ANTARA) - PT Pemeringkat Efek Indonesia (Pefindo) has decided to upgrade the credit rating of PT Wijaya Karya (Persero) Tbk (WIKA) to id B from the previous id SD on Wednesday, 29 April 2026.

In line with this, Pefindo has also upgraded the ratings of all the company’s debt instruments, including Sustainable Bonds I, II, and III to id B, as well as Sustainable Sukuk Mudharabah I, II, and III to id B(sy).

This rating upgrade is inseparable from WIKA’s success in obtaining approval quorum from all holders of Bonds and Sukuk regarding adjustments to the terms in the agreement, including adjustments to the principal and coupon payment schedules, and waivers for non-fulfilment of financial ratios as per the administration agreement.

WIKA’s President Director, Agung Budi Waskito (BW), stated that this rating upgrade represents an important momentum as well as validation of the effectiveness of the recovery steps that have been implemented.

“This upgrade reaffirms the direction of the company’s performance improvement as a result of WIKA’s commitment to consistently carrying out transformation and strengthening of financial fundamentals,” said Agung BW.

Going forward, WIKA will continue to strengthen liquidity and project execution discipline through more selective portfolio management and operational efficiency.