GuarantCo receives first rating from Indonesian rating agency PEFINDO of AAA Stable; Moody’s A1 Stable rating reaffirmed

  • Date written
  • November, 2025

GuarantCo Limited, part of the Private Infrastructure Development Group (PIDG), has been assigned an idAAA financial strength rating with Stable outlook by PEFINDO, Indonesia's most-established independent credit rating agency. This is the first time that GuarantCo has been rated by PEFINDO. It marks another key milestone in GuarantCo’s continued strategic engagements to deepen its participation in the Indonesian market.

GuarantCo-receives-first-rating-from-Indonesian-rating-agency-PEFINDO-of-AAA-Stable;-Moody’s-A1-Stable-rating-reaffirmed

PEFINDO’s rating reflects the very strong likelihood of support from the shareholders. GuarantCo’s standalone credit profile represents its very strong capitalisation profile, conservative investment criteria, along with a moderate operating performance. This rating action by PEFINDO follows the National Insurer Financial Strength (IFS) Rating of AAA (idn) with Stable outlook assigned to GuarantCo by Fitch Ratings Indonesia in June 2024.

Separately, Moody’s Ratings has also reaffirmed GuarantCo’s A1 Stable rating. In a regular update report, Moody’s advised that GuarantCo’s A1 long-term issuer rating reflects its very robust liquidity position and strong shareholder support against moderate but gradually rising leverage and the low credit quality of the borrowers under its guarantees.

NOTES TO EDITORS

About GuarantCo

GuarantCo mobilises private sector local currency investment for infrastructure projects and supports the development of financial markets in lower income countries across Africa and Asia. GuarantCo is part of the Private Infrastructure Development Group (PIDG) and is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden, through the PIDG Trust, the Netherlands, through FMO and the PIDG Trust, and Global Affairs Canada plus France through a stand-by facility. GuarantCo is rated AA- by Fitch and A1 by Moody’s. Since 2005, GuarantCo has enabled USD 7.1 billion of total investment and USD 6.8 billion of private sector investment, giving 44.8 million people improved access to infrastructure and creating around 248,000 jobs. GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development. www.guarantco.com

About PIDG

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and southeast Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity, and urgency.

 

PIDG offers technical assistance for upstream, early-stage activities and concessional capital; invests in early-stage project development and project and corporate equity through its project development solution, InfraCo; its debt solution EAAIF (the Emerging Africa & Asia Infrastructure Fund) is one of the first and more successful blended debt funds in low-income markets; and its guarantees solution, GuarantCo, provides credit enhancement and local currency solutions to de-risk projects. PIDG also supports a growing portfolio of local credit enhancement facilities, which unlock domestic institutional capital for infrastructure financing.

 

Since 2002, PIDG has supported 258 infrastructure projects to financial close, which provided an estimated 232 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia and Sweden, and Global Affairs Canada. www.pidg.org