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News Updates 17 January 2022
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SMI Sukuk that will be Matured Get idAAA (sy) Rating from Pefindo

PT Pemeringkat Efek Indonesia (Pefindo) has affirmed its idAAA (sy) rating for PT Sarana Multi Infrastruktur (Persero) (SMI) Sustainable Sukuk which will mature on March 21, 2022. namely Mudharabah I/2019 Phase II Series B. Meanwhile, the sukuk is worth IDR 760 billion.

SMI's readiness to pay off debt maturing these instruments is supported by the availability of cash and cash equivalents and securities amounting to Rp30.3 trillion as of September 30, 2021.

For your information, Islamic financing instruments with a rating of idAAA(sy) have the highest rating given by PEFINDO. The suffix (sy) denotes Islamic principles.

"The ability of issuers to fulfill their long-term financial commitments based on sharia financing contracts, compared to other Indonesian issuers, is superior," Pefindo said in a report quoted on Sunday (16/1).

SMI itself is a state-owned enterprise that was established to be a catalyst in accelerating infrastructure development in Indonesia by providing alternative sources of funds for project financing and promoting public-private partnerships (PPPs).

 

Source: kontan.co.id

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