KONTAN.CO.ID - JAKARTA. The Indonesian Securities Rating Agency (Pefindo) has affirmed its idA rating for its Shelf-Registered Bond IV Phase I Year 2020 Series A by PT Indomobil Finance Indonesia (IMFI) worth Rp229.0 billion. The notes will mature on August 14, 2021. Pefindo said Indomobil Finance will repay the bonds using cash and cash equivalents of Rp 848.7 billion, the average receipt from monthly receivables installments of Rp 598.8 billion and undrawn credit facilities of Rp 2.4 trillion as of March 31. 2021. "Debt securities rated idA indicate that the obligor's ability to meet long-term financial commitments on these debt securities, compared to other Indonesian obligors in Indonesia, is strong," Pefindo wrote in an official statement, Wednesday (16/6). According to Pefindo, the ability of obligors may be affected by adverse changes in economic conditions and conditions, compared to debt securities with higher ratings. For information, Indomobil Finance is a financing company for the Indomobil Group, one of the leading automotive groups in Indonesia that holds licenses for several motor vehicle brands. Indomobil Group is also engaged in other automotive-related sectors, including the provision of after-sales services, vehicle assembly, component production, and spare parts distribution.