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[BUSINESS] · Indonesia · 5 sources

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INALUM receives corporate rating upgrade to idAA/Stable

PT Indonesia Asahan Aluminium (Persero), known as INALUM, has received a corporate rating upgrade from PT Pemeringkat Efek Indonesia (Pefindo). The company's rating has moved up one notch to idAA/Stable from its previous idAA-/Stable rating.

The new rating is valid for the period from August 18, 2026, to July 1, 2027. INALUM CEO Melati Sarnita stated that the upgrade reflects confidence in the company's business fundamentals and financial resilience amidst global market volatility.

Looking ahead, INALUM is preparing for significant expansion and increased funding requirements between 2026 and 2029. Key strategic projects include the Smelter Grade Alumina Refinery (SGAR) Phase II and Smelter Aluminium II, aimed at strengthening Indonesia's national aluminum value chain and industrial independence.

Entities

MIND ID · Melati Sarnita · PT Indonesia Asahan Aluminium (Persero) · PT Pemeringkat Efek Indonesia

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