Pemeringkat Kredit Indonesia

What Pemeringkat Kredit Indonesia does

PT Pemeringkat Kredit Indonesia (PKRI) is an Indonesia-based credit rating agency (perusahaan pemeringkat efek) that provides objective, independent credit assessments for issuers and debt securities in the Indonesian capital market. Founded in 2019 and granted a full operating license by the Financial Services Authority (Otoritas Jasa Keuangan/OJK) in February 2022, PKRI positions itself as the newest domestic entrant in Indonesia's rating industry, offering an alternative perspective to established global agencies. The company serves Indonesian issuers seeking credible credit ratings to access capital markets, as well as institutional investors and financial intermediaries who use ratings for risk assessment, trading, and advisory purposes.

PKRI's product portfolio centers on four core offerings: Emiten Reports (issuer-level credit ratings), PKRI Insight (sector and thematic research), Weekly Update (ongoing surveillance of rated entities and market developments), and Metodologi Pemeringkatan (the published rating methodology framework). The underlying technology is fundamentally analyst-driven, relying on proprietary rating criteria, rating committees, and continuous methodology development rather than automated or AI-based systems. The company maintains a small, specialized team (11-50 employees) led by veterans of Fitch Ratings Indonesia, Standard Chartered, HSBC, and major Indonesian banks, lending credibility through deep credit analysis experience.

PKRI operates an enterprise-focused go-to-market, acquiring issuer clients through direct business development and ongoing professional engagement, with revenue derived from fees paid by rated issuers for initial and ongoing credit analysis. As an issuer-pays model, fees are structured independently of rating outcomes, in line with global CRA conventions. The company publishes ratings and research through its corporate website to reach the broader investment community. Geographic scope is domestic Indonesia, with no disclosed international expansion, partnerships, M&A activity, or external funding. PKRI appears to be founder/management-owned with no disclosed institutional investors or parent entities.

Name

Pemeringkat Kredit Indonesia

Legal name

PT Pemeringkat Kredit Indonesia

Website

https://pemeringkatkreditindonesia.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

PT Pemeringkat Kredit Indonesia (PKRI) is an OJK-licensed Indonesian credit rating agency that provides issuer credit ratings, sector research, and market surveillance to bond-issuing companies, institutional investors, and financial intermediaries in Indonesia's capital markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit Rating Services: PKRI charges issuers (companies issuing debt securities) for credit rating services. The company conducts initial and ongoing credit analysis on a dedicated portfolio of issuers, presenting credit cases in rating committees to assign or review credit ratings. As a credit rating agency, PKRI's primary revenue derives from fees paid by rated issuers, with the company maintaining independence by not setting fees based on rating outcomes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PKRI is an OJK-licensed Indonesian credit rating agency that assesses credit risk for Indonesian issuers and debt securities. It charges issuers fees for initial and ongoing credit ratings, conducts rating committee reviews, and publishes issuer credit reports, market insights, and weekly surveillance updates to support investor decision-making in Indonesian capital markets.

Product overview

PT Pemeringkat Kredit Indonesia (PKRI) is a credit rating agency (perusahaan pemeringkat efek) operating in Indonesia. The company offers a portfolio of credit rating products and analytical services including: Emiten Report (individual issuer credit ratings), PKRI Insight (research publications and market analysis), Weekly Update (ongoing market surveillance), and Metodologi Pemeringkat (rating methodology documentation). These services provide objective and transparent credit opinions to the investment community, helping investors assess relative credit risk of Indonesian issuers and debt securities.

Differentiator

Problem solved

Functional benefit

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• PT Fitch Ratings Indonesia: The Indonesian subsidiary of Fitch Ratings, one of the global Big Three rating agencies, fully licensed by OJK. It directly competes with PKRI for Indonesian issuer mandates and serves the same institutional investor ecosystem with the same product structure.
• PT Moody's Indonesia: The local Indonesian entity of Moody's Investors Service, also OJK-licensed. It directly competes with PKRI for Indonesian rated debt mandates, with overlapping issuer and institutional investor clients.
• S&P Global Ratings (Indonesia operations): The Indonesian-licensed entity of S&P Global Ratings, the third global Big Three agency. Directly comparable as an OJK-licensed competitor serving Indonesian issuers and investors with the same core rating products.
• PT Pemeringkat Efek Indonesia (PEFINDO): PEFINDO is Indonesia's oldest and largest domestic credit rating agency, established in 1993 and licensed by OJK. It is the most direct competitor to PKRI in the Indonesian bond rating market, serving the same issuer and investor base with comparable rating services.

Emerging players

• Egan-Jones Ratings Co. An independent, alternative credit rating agency known for competing with the Big Three, with NRSRO recognition in the U.S. and growing global issuer mandates. Comparable to PKRI as a non-incumbent rating alternative seeking to win issuer mandates through differentiated positioning and methodology.
• KBRA (Kroll Bond Rating Agency): A newer, alternative U.S. credit rating agency that has expanded into global structured and corporate finance ratings. Comparable to PKRI as a non-incumbent rating franchise that has built credibility through sector focus and methodology differentiation.
• Scope Ratings: A European-headquartered alternative credit rating agency expanding into Asian and global mandates. Comparable to PKRI as a non-Big-Three alternative seeking market share through differentiated analytical perspectives.

Broad incumbents

• DBRS Morningstar: A globally diversified rating agency (now under Morningstar) offering credit ratings across multiple asset classes and geographies. Comparable to PKRI as an alternative-to-Big-Three rating voice, though with broader international scope and broader product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/PemeringkatKreditIndonesia
• LinkedInlinkedin.com/company/pemeringkat-kredit-indonesia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Pemeringkat Kredit Indonesia