Jakarta – PT Jaminan Kredit Indonesia (Jamkrindo) has once again received an idAA+ rating from PT Pemeringkat Efek Indonesia (Pefindo), with a stable outlook for the period from December 22, 2023, to December 1, 2024.
According to Pefindo, companies with an idAA rating demonstrate a very strong financial security compared to other companies in Indonesia, with only a small difference when compared to higher ratings. The addition of a plus (+) sign indicates that the rating is relatively strong and above average within the category.
In its press release, Pefindo stated that the rating could be upgraded if the government strengthens its support and financial indicators improve on a continuous basis.
Aribowo, Corporate Secretary of PT Jamkrindo, mentioned that this rating would motivate the company to work even harder to achieve its best performance. He also emphasized that the rating was a reflection of the company's commitment, integrity, and collaboration in implementing its strategy and policies with prudent business, financial, and operational governance based on the principles of good corporate governance.
“This rating reflects the important role of the company for the government of Indonesia. With a very strong position in the credit guarantee services sector and a solid capital level, Jamkrindo can optimally contribute to supporting the government’s strategic programs, including the People’s Business Credit (KUR) program,” said Aribowo.
As of November 2023, the company's total assets amounted to IDR 33.69 trillion, with equity standing at IDR 13.14 trillion. The volume of guarantees reached IDR 338.81 trillion, including IDR 122.36 trillion for KUR guarantees and IDR 216.45 trillion for non-KUR guarantees.
“As a leading guarantee company, we remain committed to improving the financial accessibility of MSMEs to financial institutions. This commitment is demonstrated through various guarantee services that ease MSMEs’ access to financing from financial institutions,” he added.
About Jamkrindo
As a credit guarantee company under the Indonesia Financial Group (IFG), Jamkrindo offers a variety of products, both program-based and non-program-based guarantees. For program-based guarantees, Jamkrindo provides guarantees for People’s Business Credit (KUR) and working capital credit (KMK) as part of the National Economic Recovery (PEN) program. Non-program guarantees include general credit guarantees, microcredit guarantees, construction and procurement credit guarantees, goods distribution guarantees, surety bonds, customs bonds, supply chain financing (invoice financing) guarantees, and other credit-related services.