PEFINDO
PEFINDO (PT Pemeringkat Efek Indonesia) is Indonesia's sole domestic credit rating agency, providing credit risk assessments, market indices, economic research, and green bond verification to corporations, financial institutions, and government entities under OJK oversight.
- Company typePrivate
- Founded1993
- HeadquartersJakarta, Indonesia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What PEFINDO does
PEFINDO (PT Pemeringkat Efek Indonesia), founded in 1993 and headquartered in Jakarta's Sudirman Central Business District, is Indonesia's sole domestic credit rating agency. Operating as a recognized Self-Regulatory Organization under the Financial Services Authority (OJK), the company provides credit risk assessments for corporations, financial institutions, and government entities across bonds, sukuk, and other debt instruments in the Indonesian capital market. Its client base spans banking, telecommunications, energy, healthcare, infrastructure, real estate, and conglomerate sectors, with named engagements covering issuers such as Pelindo, Pegadaian, MNC Kapital Indonesia, Adira Dinamika Multi Finance, Indah Kiat Pulp & Paper, and Maruwai Coal.
PEFINDO's product portfolio centers on credit rating services built around proprietary alphanumeric rating methodologies (idAAA through lower tiers). This core is complemented by market indices (Composite IDX, Prime Bank Index, i-Grade Index), economic research publications (Weekly Economic Updates, Industry Sector Reports, Indonesian Rating House reports, Default Studies), and — since February 2025 — Green Bond External Review Provider services for sustainable finance instruments. A wholly-owned credit bureau subsidiary, PEFINDO Biro Kredit, operates separately under the idscore.id brand. The company holds ISO 9001, ISO 27001, and ISO 37001 certifications, and has pursued international knowledge partnerships with S&P Global Ratings, CCXI, and China Lianhe Credit Rating. In April 2026, PT Yulie Sekuritas Indonesia Tbk joined PEFINDO's shareholder base.
Revenue is generated through a multi-stream model: fees from credit rating assignments, subscription-based access to research publications via a member portal (billed monthly), licensing of index services, and professional service fees for green bond verification. Distribution occurs primarily through direct engagement with corporate and institutional clients for rating mandates, supplemented by self-serve digital subscription access for research products. The business model is a hybrid of episodic professional-services revenue (rating mandates) and recurring subscription revenue (publications and index licensing), anchored by PEFINDO's structural regulatory position in the Indonesian market.
PEFINDO firmographics
Firmographics- Name
- PEFINDO
- Legal name
- PT Pemeringkat Efek Indonesia
- Website
- https://pefindo.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PEFINDO (PT Pemeringkat Efek Indonesia) is Indonesia's sole domestic credit rating agency, providing credit risk assessments, market indices, economic research, and green bond verification to corporations, financial institutions, and government entities under OJK oversight.
- Ownership category
- akta.pro rank
PEFINDO industry classification
Industry- Product category
- Credit Rating Services
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Miscellaneous Business Credit Institution (6159), Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Leveraged Loans & CLOs (FSAAAHAF)
- akta.pro secondary industries
- Government Bonds & Agencies (Sovereigns, Supras, Munis) (FSAAAHAA), Sukuk Origination & Structuring (Bank-led) (FSABAGAL)
Keywords
Where PEFINDO is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
PEFINDO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Credit Rating Services: PEFINDO generates revenue through providing credit ratings to corporations, financial institutions, and government entities. Ratings are conducted for bonds, sukuk, and other debt instruments issued in the Indonesian capital market.
- Publication Subscriptions: The company offers subscription-based access to research publications including Weekly Economic Update, Industry Sector Reviews (ISR), Indonesia Rating Highlights (IRH), Newsletters, and Default Studies.
- Index Services: PEFINDO provides index services including Composite IDX, Prime Bank Index, and i-Grade Index to market participants.
- Green Bond Verification: As an official Green Bond External Review Provider, PEFINDO offers verification services for sustainable finance instruments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Subscription-based access to publications |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
PEFINDO product offering
Product offeringCore offering
PEFINDO is Indonesia's domestic credit rating agency that issues credit assessments (e.g., idAAA through idBBB) for corporations, banks, and issuers of bonds and sukuk in the Indonesian capital market. It also maintains market indices such as the Composite IDX, Prime Bank Index, and i-Grade Index, publishes subscription-based economic research and sector reports, and provides external review and verification for green bond issuances.
Product overview
PEFINDO operates as a comprehensive credit rating agency offering a portfolio of interconnected services. The core offerings include credit ratings (assessing issuer and securities creditworthiness) and market indices (Prime Bank Index, i-Grade Index). These are complemented by economic research publications including Weekly Economic Updates, Newsletters, and Default Studies. The Green Bond Verifier service provides external review for sustainable finance instruments. Additional analytical products include Industry Sector Reports (ISR) covering multifinance, construction, energy, and healthcare sectors, and Indonesian Rating House (IRH) reports. The company also offers a credit bureau subsidiary through PEFINDO Biro Kredit (idscore.id). The architecture follows a core-rating-plussupplementary-research model where ratings form the primary product, with research and sector reports adding analytical depth.
Differentiator
Problem solved
Functional benefit
Brands
- IDX-PEFINDO Prime Bank Index: Stock market index tracking prime bank performance
- PEFINDO i-Grade Index
- PEFINDO Biro Kredit
Products and services
- Rating Credit rating services that assess the creditworthiness of companies, securities, and financial instruments (bonds and sukuk) in the Indonesian market, assigning ratings ranging from idAAA down to lower tiers; used by issuers seeking capital market access and by investors for credit risk assessment.
- Index Stock market indices including the IDX-PEFINDO Prime Bank Index and i-Grade Index that track and benchmark Indonesian securities performance for institutional investors and market participants.
- Economic Research Economic analysis and research publications including Weekly Economic Updates, Newsletters, and in-depth reports on macroeconomic trends affecting Indonesia, distributed via the member portal and public website.
- Green Bond Verifier External review services for green bonds, verifying alignment with green bond principles and standards; officially recognized as a Green Bond External Review Provider since 10 February 2025.
- ISR (Industry Sector Report) In-depth industry sector reports covering multifinance, construction, energy, healthcare, and other sectors in Indonesia, providing sector-specific analysis and outlooks for institutional subscribers.
- IRH (Indonesian Rating House) Comprehensive rating house reports providing periodic analysis and commentary on the Indonesian credit rating landscape and market developments for subscribers.
- Default Study Annual research publications analyzing corporate default rates, patterns, and trends in the Indonesian market, available in yearly editions to subscribers.
- Rating Action & Reports Real-time credit rating actions, including new ratings, outlook changes, and full repayment announcements for rated entities; publicly disclosed to market participants.
- PEFINDO Biro Kredit Credit bureau subsidiary providing credit information and scoring services under the idscore.id brand.
Companies that use PEFINDO
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
PEFINDO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
PEFINDO partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- S&P Global RatingscorePEFINDO and S&P Global Ratings co-hosted the Indonesia Credit Spotlight 2026 event addressing geopolitical headwinds and domestic resilience. The partnership represents ongoing collaboration between the two rating agencies for knowledge sharing and market dialogue.
- China Chengxin International Credit Rating Co., Ltd (CCXI)corePEFINDO established a Memorandum of Cooperation with CCXI, a leading credit rating institution from China. The partnership aims to strengthen bilateral cooperation in credit rating services and market development.
- China Lianhe Credit Rating Co., LtdcorePEFINDO established a Memorandum of Cooperation with China Lianhe Credit Rating, marking another strategic partnership with a leading Chinese rating institution to enhance cross-border cooperation.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
PEFINDO competitors and assessment
Company assessmentMarket position
Strengths5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PEFINDO social profiles
Digital presencePEFINDO compliance and trust
Trust signalCompliance3 records
PEFINDO financial estimates
Financial estimateRevenue estimate
Valuation estimate
PEFINDO leadership team
Management profileNumber of profiles
Profiles1 record
PEFINDO subsidiaries and ownership
Company hierarchySubsidiaries1 record
PEFINDO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PEFINDO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PEFINDO
What does PEFINDO do?
PEFINDO is Indonesia's domestic credit rating agency that issues credit assessments (e.g., idAAA through idBBB) for corporations, banks, and issuers of bonds and sukuk in the Indonesian capital market. It also maintains market indices such as the Composite IDX, Prime Bank Index, and i-Grade Index, publishes subscription-based economic research and sector reports, and provides external review and verification for green bond issuances.
Is PEFINDO a public or private company?
PEFINDO is a private company. It is classified as corporate owned and is currently operating.
When was PEFINDO founded?
PEFINDO was founded in 1993. It employs 101 to 250 people.
Where is PEFINDO based?
PEFINDO is headquartered in Jakarta, Indonesia, in the Asia region.
How does PEFINDO make money?
Four revenue lines are on record. Credit Rating Services are the primary driver. The others are publication Subscriptions, index Services and green Bond Verification.
Does PEFINDO have an API?
No public API is recorded for PEFINDO.
What industry is PEFINDO in?
PEFINDO's product category is Credit Rating Services. Its primary akta.pro industry code is FSAAAHAF, Leveraged Loans & CLOs, with a secondary code of FSAAAHAA, Government Bonds & Agencies (Sovereigns, Supras, Munis). Its NAICS code is 522 and its SIC code is 6159.