PEFINDO has assigned its idA rating with stable outlook to PT Hasnur Jaya International (HAJI)

(June 29, 2026)--The rating reflects HAJI’s vertically integrated operations and strong financial profile. The rating is constrained by concentrated business profile, exposure to regulatory changes, and inherent risks in commodity-based sectors.

The rating may be raised if HAJI strengthens its business profile by diversifying its business while maintaining its strong financial profile. We may lower the rating if HAJI’s revenue or EBITDA decreases significantly due to the Company’s inability to develop other businesses to replace revenue from the coal mine, which will be decreasing in the medium to long term. The rating may also be under pressure if HAJI continues to provide significant funds to its affiliates through dividends as well as related-party receivables, which may aggravate its financial profile. Deterioration of coal prices may also adversely affect HAJI’s financial profile, which may negatively impact the Company’s rating.

PT Hasnur Jaya International is part of Hasnur Group and engages in the coal mining industry. The Company owns one coal mine under PT Bhumi Rantau Energi, one coal mining contractor under PT Hasnur Riung Sinergi, and also owns hauling road and jetty as its infrastructure support. As of March 31, 2026, its shareholders were PT Hasnur Jaya Utama (96.57%), Haji Rahmadi HAS (0.49%), Jayanti Sari (0.49%), Hj. Nila Susanti (0.49%), Hasnuryadi Sulaiman (0.49%), Hasnuryani (0.49%), Yuni Abdi Nur Sulaiman (0.49%), and Zainal Hadi HAS HB (0.49%). (ends)