Fitch Ratings-Jakarta-17 October 2017: Fitch Ratings Indonesia telah menetapkan Peringkat Nasional untuk obligasi senior tanpa jaminan yang akan diterbitkan PT BFI Finance Indonesia Tbk (BFI,‘AA-(idn)/Stabil), sebagai berikut:
Proposal obligasi BFI yang akan diterbitkan ini merupakan tahap ketiga dari program obligasi berkelanjutan III dan berjumlah maksimum IDR835 milyar. Hasil yang diperoleh akan digunakan untuk keperluan modal kerja.
Peringkat nasional di kategori ‘AA’ menunjukkan ekspektasi akan resiko gagal bayar yang sangat rendah relatif terhadap emiten atau surat utang lainnya di Indonesia. Resiko kredit hanya sedikit berbeda dari emiten-emiten atau surat-surat utang yang mendapat peringkat tertinggi di Indonesia.
FAKTOR-FAKTOR PENGGERAK PERINGKAT
Obligasi diperingkat pada level yang sama dengan peringkat Nasional Jangka Panjang BFI sesuai dengan kriteria Fitch.
Peringkat-peringkat nasional BFI didasari oleh kinerja standalone perusahaan sebagai salah satu perusahaan pembiayaan independen terbesar di Indonesia dengan kompetensi inti di refinancing mobil dan motor bekas. Rating BFI juga mencerminkan profitabilitasnya yang diatas rata-rata industri, kapitalisasi yang kuat, sumber pendanaan yang terdiversifikasi, dan kualitas aset yang terjaga.
Peringkat pada obligasi akan bergerak sesuai perubahan pada Peringkat Nasional BFI.
Melemahnya kualitas aset secara signifikan yang dapat berdampak negatif pada profitabilitas dan kapitalisasi mungkin akan menekan peringkat nasional BFI. Pertumbuhan berkelanjutan yang menghasilkan pangsa pasar yang lebih tinggi secara signifikan dengan tetap menjaga kualitas aset yang kuat dapat menyebabkan kenaikan peringkat, meskipun Fitch melihat kemungkinan kecil skenario ini terjadi dalam waktu dekat hingga menengah.
Catatan: Peringkat Nasional Fitch menggambarkan ukuran relatif atas kredibilitas entitas yang diperingkat di negara-negara yang memiliki peringkat sovereign relatif rendah dan ada kebutuhan untuk dilakukan pemeringkatan dimaksud. Peringkat terbaik di suatu negara adalah 'AAA' dan peringkat lainnya menggambarkan tingkat risiko relatif terhadap peringkat 'AAA'. Peringkat nasional dirancang untuk digunakan oleh sebagian besar investor lokal di pasar lokal dan diidentifikasi dengan menggunakan tambahan tanda sesuai dengan negara masing-masing. Sebagai contoh 'AAA(idn)' untuk Peringkat Nasional di Indonesia. Karenanya, peringkat ini tidak dapat dibandingkan secara internasional.
Informasi tambahan tersedia di Fitchratings.
Global Non-Bank Financial Institutions Rating Criteria -- Effective July 15, 2016 – March 10, 2017 (pub. 15 Jul 2016)
National Scale Ratings Criteria -- Effective Oct. 30, 2013 - March 7, 2017 (pub. 30 Oct 2013)
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