PT Kredit Rating Indonesia

What PT Kredit Rating Indonesia does

PT Kredit Rating Indonesia (KRI) is an Indonesia-based credit rating agency that provides independent creditworthiness opinions on securities (instrument rating) and corporate entities (company rating) for the Indonesian market. Its core service catalog covers financial institutions (banks, multifinance firms, securities, insurers), non-financial corporates, credit enhancement structures, local governments, asset securitization, project financing, and mining — each backed by a documented quantitative and qualitative rating methodology. The firm is privately held, operates from a single headquarters in Jakarta Pusat (Sinarmas Land Plaza Tower 3), and reports an 11-50 employee headcount band.

KRI generates revenue through professional services fees charged per rating engagement. Distribution is sales-led and direct: corporate issuers and financial institutions engage KRI to obtain a rating, KRI delivers the analysis and a rating certificate, and the result is published on the company's website after client approval. Marketing channels include a company website, LinkedIn, YouTube, and downloadable PDF press releases, complemented by a sector-review publication program (gold, coal, steel, fintech lending, multifinance, hospitality) that functions as a market-intelligence content layer on top of the core rating franchise.

The company's commercial position rests on a portfolio of regulatory licenses and recognitions: an OJK Securities Rating Company business license (Kep-47/D.04/2019, 15 July 2019), OJK recognition as a Rating Agency and for Recognized Ratings (S-202/PB.02/2025, 21 August 2025), and Bank Indonesia recognition as a Rating Agency (28/261/DPKL/Srt/B, 9 February 2026). Leadership is anchored by a CFA-chartered President Director (Syaiful Adrian, ex-Fitch Ratings and Sucor Sekuritas), a Rating Director with long tenure at the incumbent PEFINDO, and a Compliance and Risk Management Director appointed in February 2024, with a Board of Commissioners including ex-OJK capital-market supervision experience.

Name

PT Kredit Rating Indonesia

Legal name

PT Kredit Rating Indonesia

Website

https://kreditratingindonesia.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

PT Kredit Rating Indonesia is a Jakarta-based, OJK-licensed credit rating agency providing instrument and corporate credit ratings for Indonesian financial institutions, corporates, local governments, and structured-finance transactions, serving issuers seeking capital-market access.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (56145)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Structured Finance Ratings & Surveillance (FSACACAI)

Keywords

• Credit rating services
• Financial institution ratings
• Corporate credit ratings
• Debt instrument ratings
• Rating methodology

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Credit Rating Services: KRI provides credit rating services for debt instruments (bonds, Medium Term Notes, sukuk, commercial papers) and corporate entities. Revenue is generated through professional service fees charged to companies seeking ratings for capital market access.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PT Kredit Rating Indonesia (KRI) provides independent credit rating services for securities such as bonds, Medium Term Notes, sukuk, and commercial papers, as well as for corporate entities in Indonesia. Ratings are conducted through quantitative and qualitative assessments of issuer creditworthiness, with methodologies tailored for financial institutions (banking, multifinance, securities, insurance), non-financial corporations, credit enhancement arrangements, local government entities, asset securitization, project financing, and the mining industry. Results are issued as formal rating certificates and published on KRI's website following client approval.

Product overview

PT Kredit Rating Indonesia (KRI) operates as a credit rating agency providing a unified platform of rating services for the Indonesian market. The core offering consists of credit rating services for securities/instruments (instrument rating) and corporate entities (company/corporate rating), including support for micro, small, and medium enterprises (UMKM). KRI's rating services are organized by sector: Financial Institution Rating covers banking, multifinance, securities, and insurance; Corporate Rating serves non-financial entities. Additional specialized offerings include Credit Enhancement Rating, Local Government Rating, Asset Securitization Rating, Project Financing Rating, and Mining Industry Rating. The company also publishes sector review reports covering industries such as gold, coal, steel, fintech lending, multifinance, and hospitality.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Rating Services Independent credit rating services for securities (bonds, Medium Term Notes, sukuk, commercial papers) and corporate entities in Indonesia, including micro, small, and medium enterprises (UMKM).
• Financial Institution Rating

Quantifiable outcome

• Enables companies to access capital markets through bond and debt instrument issuances

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• ICRA Limited: Indian credit rating agency rating corporates, financial institutions, and structured finance. Comparable to KRI as an emerging-market domestic rating agency with a developing product breadth and similar regulatory recognition dynamics.
• Egan-Jones Ratings: Smaller US-headquartered credit rating agency focused on corporate, financial institution, and sovereign ratings. Comparable to KRI as a challenger rating agency competing with global incumbents on cost and responsiveness rather than brand legacy.

Regional players

• RAM Sustainability / RAM Holdings: Malaysian-based rating and analytics group providing corporate, financial institution, and structured finance ratings, plus ESG/sustainability assessments. Comparable to KRI as a mid-sized Southeast Asian rating agency expanding into ESG product lines.
• Malaysian Rating Corporation Berhad (MARC): Malaysian domestic credit rating agency with comparable product set across corporates, financial institutions, and structured finance. Operates in a neighboring market with similar regulatory and capital-market structure, making it a useful Southeast Asian regional comparable for KRI.
• China Chengxin International Credit Rating (CCXI): Domestic Chinese credit rating agency rating corporates, financial institutions, and structured products. Comparable to KRI as an Asia-based domestic rating agency with similar methodology breadth and a similar domestic regulator-driven recognition model.

Broad incumbents

• S&P Global Ratings: Global credit rating agency rating Indonesian sovereign, financial institutions, and large corporates. Competes with KRI in overlapping segments and represents the standard international alternative for issuers seeking globally recognized ratings.
• CRISIL Ratings: Major Indian rating and analytics firm with broad product set across corporates, banks, and structured finance. Comparable to KRI in business model, with a more developed product suite and analytics adjacency that signals a possible scaling path for KRI.
• Moody's Investors Service: Global credit rating agency with established Indonesia coverage for sovereign, bank, and large corporate issuers. Directly competes with KRI at the top end of the Indonesian market and sets the international benchmark rating investors reference.

Direct peers

• PT Pemeringkat Efek Indonesia (PEFINDO): The dominant Indonesian credit rating agency, established in 1993. PEFINDO is the closest direct peer to KRI, offering the same instrument and corporate rating services across financial institutions, corporates, and structured finance in Indonesia.
• Fitch Ratings Indonesia: Local affiliate of global rating agency Fitch Ratings operating in Indonesia. Competes with KRI for Indonesian corporate, financial institution, and structured finance ratings, and is a key destination for top-end Indonesian issuers seeking international-grade ratings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCJ8gYPy3FsCEVMYfrA0Iqdw
• LinkedInlinkedin.com/company/kreditratingindonesia

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Kredit Rating Indonesia