Pefindo: Bumi Serpong Damai Ratings at Level idAA-

By administrator | March 15, 2019 | Property Real Estate.
Bumi Serpong Damai Ratings

Illustration: Bumi Serpong Damai Ratings

Bumi Serpong Damai Ratings at Level idAA-. Bumi Serpong Damai, Tbk (BSDE IJ), get back its ratings at level idAA- for the company, and its Shelf Registered Bond Tranche I Series C Year 2012, and Shelf Registered Bond II Tranche I Series A and series B Year 2016. As a result, rating affirmation idAA- was obtained from Pemeringkat Efek Indonesia (Pefindo). Furthermore, the prospect of the company is “Stable”.

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In the information disclosure on the Indonesia Stock Exchange (IDX), Pefindo explains, BSDE has a very strong ability to meet long-term financial commitments relative other issuer in Indonesia. In addition, the ratings at once confirms BSDE strong business position in a property industry. The company’s diverse product properties and a wide coverage area, as well as strong cash flow protection became the strength of BSDE.

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Consequently, this year the BSDE vied for marketing sales by as much as IDR6.2Trn in 2019. Later the target supported by flagship projects especially in the residential and commercial segments. In fact, residential sales is believed to be the major contributors will be the marketing sales this year, which is as much as 56% of the total marketing sales. As well as, the rest amounted to 44% would contribute to by commercial products such as land plots, houses and condominium.

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Finally, BSDE is also still has a number of flagship projects such as in BSD City will remain a major contributor to marketing sales amounted to 66%, as well as The condominium The Elements Kuningan Jakarta CBD, Southgate Residence TB Simatupang in South Jakarta and Klaska Surabaya, which would account for 15%. Moreover, the issuer has a major property project located in Serpong (BSD City), Cibubur, Jakarta and Bekasi. Last, the company also expands into other areas such as Balikpapan, Samarinda, Manado, Palembang and Semarang.

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