Pollux Hotels Secures Triple A Rating for Sustainable Bonds

Pefindo's Highest Credit Rating Awarded

PT Pollux Hotels Group Tbk (POLI) has achieved a significant milestone by receiving the highest credit rating of idAAAcg from PT Pemeringkat Efek Indonesia (Pefindo) for its Sustainable Bond I issuance. This prestigious rating is a testament to the company's strong financial foundation, robust corporate governance, and commitment to sustainability principles.

Guarantee from CGIF

The triple A rating was made possible by a 100% guarantee from the Credit Guarantee and Investment Facility (CGIF), a facility supported by the Asian Development Bank (ADB) and ASEAN+3 countries. The CGIF's guarantee provides an additional layer of security for investors, underscoring the creditworthiness of Pollux Hotels' sustainable bonds.

Examination and Guarantee Process

The guarantee was granted after a thorough examination of the company's financial condition, corporate governance, and compliance with sustainability principles. This rigorous process ensures that only companies with the highest standards of financial management and corporate responsibility are eligible for the CGIF's guarantee.

Impact on Pollux Hotels

This achievement is a significant step for Pollux Hotels in strengthening its capital structure. The triple A rating and CGIF guarantee will enhance the company's credibility and attractiveness to investors, enabling it to access capital markets more efficiently. As a result, Pollux Hotels will be better positioned to pursue its business growth strategies and contribute to the development of Indonesia's hospitality industry.