In 2024, PT Marga Lingkar Jakarta Bonds Once Again Achieve AAA Rating

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

MLJ has once again received a Triple-A rating in the Rating Monitoring for its 2027 Bond Issuance I Series C, covering the period from August 7, 2024, to November 8, 2024, as well as Series D and Series E for the period from August 7, 2024, to August 1, 2025. This decision was made by PEFINDO on August 7, 2024.

In the press release issued by PEFINDO, it was stated that the Triple-A rating reflects the strong transaction structure of the bonds, the favorable economic conditions of the project’s service area, and excellent operational management. However, it is constrained by the risks associated with the volatility of toll road traffic volumes.

The monitoring activities for the bond rating were conducted on August 1 and 2, 2024, including site visits and management interviews. With this rating, MLJ aims to continue enhancing its operational management while maintaining a strong financial structure.

About MLJ PT Marga Lingkar Jakarta (MLJ), listed under the company code MLJK, is the operator of the Jakarta Outer Ring Road (JORR Section W2 North), specifically the Kebon Jeruk-Ulujami segment. The toll road spans 7.87 kilometers and has been operational since 2014. MLJ’s ownership structure comprises 51% 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 further information, please 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]
Mobile: 085945134031