Jakarta - PT Pemeringkat Efek Indonesia (Pefindo) has assigned a 'D' (default) rating to PT Waskita Beton Precast Tbk (WSBP)'s 2019 phase I and phase II continuous bonds worth Rp2 trillion.

This rating is valid from January 28, 2022, to September 1, 2022.

"Debt securities are rated 'D' when default or default on debt securities occurs automatically when the default event occurs for the debt securities," said Pefindo President Director Salyadi Saputra in a statement on Friday (4/04/2020).

He explained that the rating was given based on data from the company and its unaudited financial statements as of September 30, 2021, and audited financial statements as of December 31, 2021.

The rating has changed from the previous rating, 'BBB.'