Investor Presentaiton
Strengthened Private External Debt Risk Management
Debt Burden Indicator (External Debt/GDP) Remains Comparable to Peers Rating Encouraging Corporates Compliance on Hedging Ratio & Liquidity Ratio
External Debt/GDP (%)
Hedging Ratio*
Uruguay
86.1
93.9
76.2
24.2
Philippines
24.7
22.2
36.3
Indonesia
35.3
361
48.7
Colombia
53
■2021F
42.7
2020F
53.6
Bulgaria
56.6
2019
56.3
0
20
40
60
80
100
269
corporates
(10.4%)
≤ 3 months
2,309
corporates
(89.6%)
Source: Moody's Credit View Fundamental Data, July 2020
Regulation on Prudential Principle in Managing External Debt
Regulation Key Points
Object of Regulation
1 Jan 17 & beyond
Governs all foreign currency Debt
Liquidity Ratio*
325
corporates
(12.6%)
Hedging Ratio
≤ 3 months
> 3-6 months
Liquidity Ratio
(≤ 3 months)
Credit Rating
Hedging transaction to meet hedge ratio
Sanction
25%
25%
70%
Minimum rating of BB-
(State-owned Enterprises)
Must be done with a bank in
Indonesia
Applied
Source: Bank Indonesia
2,253
corporates
(87.4%)
172
corporates
(6.7%)
> 3-6 months
2,406
corporates
(93.3%)
■Comply Not Comply
*Data as of Q4 2020, with total population 2.,578 corporates
Source: Bank Indonesia
66View entire presentation