Jakarta, 31 January 2025 – PT Indonesia Infrastructure Finance (IIF) has been assigned National Long-Term Rating of ‘AAA(idn)’ with a stable outlook , a testament to its strong financial standing. Furthermore, Fitch has awarded IIF an International Long-Term Foreign & Local Currency Rating of ‘BBB’.

The ‘AAA(idn)’ National Rating is the highest achievable rating on Fitch’s National Rating scale for Indonesia. This indicates the lowest expected default risk compared to other entities. It signifies IIF’s exceptional ability to meet its financial obligations in a timely manner relative to other entities within the same country or monetary union area, based on Fitch’s National Rating scale.

Fitch views IIF as a critically important entity for the Indonesian government, particularly in supporting infrastructure development. Consequently, Fitch is confident that, if necessary, the Indonesian government would provide full support to IIF, resulting in IIF’s credit rating being aligned with that of the Indonesian sovereign.

Interim Chief Executive Officer/ Chief Financial Officer IIF, Rizki Pribadi Hasan, highlighted that these ratings reflect IIF’s pivotal role as a catalyst for sustainable infrastructure development. “Since IIF establishment in 2010 up until 2024, IIF has executed over 150 infrastructure financing commitments, amounting to IDR42.5 trillion. Additionally, IIF successfully issued the Indonesia Infrastructure Finance Green Perpetual Notes 2023 with a total issuance value of IDR335.19 billion on 10 January 2024.”

Rizki further emphasized that infrastructure development involves more than just financial considerations; it also encompasses social and environmental impacts. To address this, IIF has adopted international best practices in credit management, risk management, and all aspects of corporate governance, as well as social and environmental safeguards, to ensure the sustainability of infrastructure development in Indonesia.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:

Nastantio W. Hadi
Head of Legal and Corporate Secretary Division

PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]

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