YEAR 2024, PT Marga Lingkar Jakarta Bonds Maintain AAA Rating

Jakarta (08/09), PT Pemeringkatan Efek Indonesia (PEFINDO) reaffirmed the AAA rating for the 2017 Bond I of PT Marga Lingkar Jakarta (MLJ), listed under the company code MLJK.

MLJ once again achieved a Triple A rating for the Rating Surveillance on Bond I Series C Year 2027 of PT Marga Lingkar Jakarta for the period of August 7, 2024, to November 8, 2024, and for Series D and Series E from August 7, 2024, to August 1, 2025, as determined by PEFINDO on August 7, 2024.

In a press release issued by PEFINDO, it was stated that the Triple A rating given to MLJ reflects a strong bond transaction structure, a robust economic service area for the project, and good operational management, although it is limited by the risk of toll road traffic volume volatility.

The surveillance activity for bond rating was conducted on August 1 and 2, 2024, with field review agendas and management interviews. With this rating, MLJ hopes to continue optimizing operational management and maintaining a strong financial structure.

MLJ Profile
PT Marga Lingkar Jakarta (MLJ), listed under the company code MLJK, is the operator of the Jakarta Outer Ring Road (JORR Section W2 North), covering the Kebon Jeruk-Ulujami segment. It has a toll road length of 7.87 KM that has been operational since 2014. MLJ has a shareholding composition of 51% owned by PT Jasa Marga (Persero) Tbk and 49% by PT Jakarta Marga Jaya (part of the ASTRA Infra Group). MLJ operates 9 toll gates (Ciledug, Joglo, Meruya Selatan, and Meruya Utara), spanning West Jakarta and South Jakarta.

For more information
contact:

Rawiah Hijjah
Corporate Secretary
PT Marga Lingkar Jakarta
Plaza Tol Meruya – Jalan Meruya Utara No.1
West Jakarta 11620
Tel. (021) 58908462
Email: [email protected]
Phone. 085945134031