Jakarta. PT Petrosea Tbk (IDX: PTRO) recently obtained a corporate rating of idA+ (Single A Plus; Stable Outlook) from credit rating agency PT Pemeringkat Efek Indonesia (PEFINDO).

This rating was assigned based on data and information from PTRO, including its audited financial report as of 30 June 2024, and the audited financial report as of 31 December 2024. 

“This rating result is a reflection of increasingly strong financial fundamentals, sustainable capital structure, and prudent capital expenditure for new contracts obtained by the company,” said Kartika Hendrawan, Chief Investment Officer of PT Petrosea Tbk. 

“PEFINDO assigned an idA+ rating with a stable outlook to PT Petrosea Tbk. This rating reflects Petrosea’s strong business position, integrated service, and strong financial profile,” PEFINDO said on Sep. 17.

Based on the rating from PEFINDO, obligors with idA ratings have a stronger ability compared to other Indonesian obligors in fulfilling their long-term financial commitments. However, the obligors are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than higher rated obligors. The plus sign (+) indicates that the assigned rating is relatively strong and above the average for the related category. 

All of Petrosea’s operational and financial performance targets are supported by a strong Health, Safety and Environment (SHE) culture through the implementation of target zero accident, operational excellence and continuous improvement, as well as risk management and Good Corporate Governance (GCG) factors as the backbone of the company’s sustainability.