JAKARTA – PT Bank Central Asia Tbk (BBCA) has reaffirmed its position as one of Indonesia's most stable financial institutions after receiving an "idAAA" rating with a stable outlook from the Indonesian Securities Rating Agency (Pefindo).

Simultaneously, Pefindo also affirmed the "idAA" rating for BBCA’s outstanding subordinated bonds. The ratings are valid from March 3, 2025, to March 1, 2026.

In its official statement on Friday (7/3), Pefindo stated that this credit rating reflects BBCA's superior standing in the banking industry. BBCA is also regarded for its exceptionally strong liquidity and solid capitalisation.

However, Pefindo also considered the risks posed by intense competition in the banking industry and challenging macroeconomic conditions.

"An idAAA rating is the highest rating assigned by PEFINDO, meaning entities with this rating have superior capacity to meet long-term financial obligations compared to other entities in Indonesia," explained Pefindo.

Pefindo emphasised that this rating is a forward-looking opinion regarding BBCA’s ability to meet its financial obligations, based on the issuer's latest financial data used in the rating process. (EF/KR/ZH)