Fitch Withdraws Kilang Pertamina's Rating
Friday, February 6 2026 - 10:09 PM WIB
(Fitch Ratings - Singapore/Hong Kong - 06 Feb 2026)--Fitch Ratings has withdrawn PT Kilang Pertamina Internasional's (KPI) 'BBB'/Stable Long-Term Issuer Default Rating (IDR).
Fitch is withdrawing KPI's IDR as the company no longer exists following its merger with PT Pertamina Patra Niaga (AAA(idn)/Stable). Accordingly, Fitch will no longer provide rating or analytical coverage for KPI.
Key Rating Drivers
The ratings have been withdrawn. The key rating drivers no longer apply.
RATING SENSITIVITIES
Rating sensitivities are no longer applicable given the ratings have been withdrawn.
Date of Relevant Committee
05 June 2025
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
Public Ratings with Credit Linkage to other ratings
Fitch had equalised KPI's IDR and Outlook to that of the parent, PT Pertamina (Persero) (BBB/Stable), based on the Parent and Subsidiary Linkage Rating Criteria.
MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS
Click here to access Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in our credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included.
ESG Considerations
Following the withdrawal of the rating for KPI, Fitch will no longer provide ESG Relevance Scores. For more information on Fitch's ESG Relevance Scores, visit https://www.fitchratings.com/topics/esg/products#esg-relevance-scores. (ends)