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Perum Pegadaian
Released : February 16, 2010 PEFINDO reaffirmed its “idAA+” rating to Perum Pegadaian (PUPG or The Company)’s Bond IX/2002 A, B, C, & D Series amounting to IDR269.6 billion due on June 6, 2010. The Company’s readiness to repay its maturing Bonds is supported by the availability of the Company’s unused loan facility from several banks amounting to IDR747.8 billion as of December 31, 2009 and other alternative debt financings. The Company is engaged in pawn service business and is considered as the largest player in the country, with total loan disbursed of IDR33.8 trillion in FY08. To support its pawn services to more than 17.3 million customers as of FY08, the Company’s network was further increased to 2,089 outlets located under 18 regional offices spread all over the country. Currently, the Company employs 7,478 staffs mostly consisting of appraisers. PUPG is 100% owned by the Government of Indonesia (GOI). Rating Period: February 16, 2010 – June 6, 2010
Contact Analyst: Dimas Aditya & Yulia Ansari
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