PT Pemeringkat Efek Indonesia (PEFINDO) was established on December 21, 1993, through the initiative of the Capital Market Supervisory Agency/BAPEPAM (now the Financial Services Authority of Indonesia (FSA)) and the Central Bank of Indonesia. On August 13, 1994, PEFINDO obtained its operating license (No. 39/PM-PI/1994) from BAPEPAM and remains one of the supporting institutions of the Indonesian Capital Market.PEFINDO main function is to provide objective, independent and credible ratings on the credit risk of publicly issued debt securities through rating activities.To enhance the rating methodology & criteria as well as rating process, PEFINDO continues to actively participate in the Asian Credit Rating Agencies Association (ACRAA).Over more than 25 years, PEFINDO has rated more than 700 financial and non-financial companies, including local/regional governments. We are Indonesia's most leading and credible credit rating agency.