PEFINDO: PLN affirms rating of PLN's bonds

(February 9, 2023)--PEFINDO has affirmed its idAAA rating for Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara (PLN)’s Shelf-Registered Bond III Phase VII Year 2020 Series A of IDR316.7 billion due on May 6, 2023. The Company plans to use its internal fund to pay the maturing bond and sukuk ijarah. As of September 30, 2022, PPLN had cash and cash equivalent of IDR24.8 trillion.

PPLN is a wholly owned state company engaged in the generation, transmission, and distribution of electricity throughout the country. It is the only integrated electricity producer in Indonesia, with an installed capacity of 45,831 megawatts (MW) (including rental) at the end of 2021. (ends)