Bisnis.com, JAKARTA - Pefindo has pinned the idAAA rating on sustainable bonds IV Phase II/2019 series B owned by PT Astra Sedaya Finance or or ASF. Analysts of PT Pemeringkat Efek Indonesia (Pefindo) Putri Amanda and Handhayu Kusumowinahyu explained that the bonds belonging to ASF will mature in the next two months or February 13, 2022. The rating pinned by Pefindo is related to the company's ability to repay its bonds. "The company's readiness to repay the bonds is supported by cash funds and cash equivalents of Rp521 billion and an average installment receipt on financing receivables of around Rp2.3 trillion by the end of September 2021," Putri and Handhayu wrote in an official statement quoted on Friday (17 /12/2021). Both explained that idAAA is the highest ranking of Pefindo for a letter of debt. This reflects Astra Sedaya Finance's ability to meet long -term financial obligations. Pefindo pinned a stable outlook on the Astra Sedaya Finance effect. The company has historically recorded similar rankings and prospects since 2017. ASF recorded assets worth Rp32.9 trillion and equity Rp7.56 trillion as of September 2021. Meanwhile, the company's profit was recorded at Rp767 billion as of September 2021, or has already exceeded the record of 2020 profit of Rp718 billion. ASF provides financing services for the sale of cars and heavy equipment from the Astra group distribution and other third parties. The company has 76 branch offices and other offices, as well as 14,000 dealers in various cities. As of September 30, 2021, PT Astra International Tbk. (ASII) is listed as holding 46,875 percent of ASF shares. Then PT Garda Era Sedaya recorded 28,125 percent ownership and PT Sedaya Multi Investama 25 percent, both of which are subsidiaries of ASII.