Following Successful Agreement with Bondholders and Sukuk Holders

PT Pemeringkat Efek Indonesia (Pefindo) has decided to upgrade the credit rating of PT Wijaya Karya (Persero) Tbk (WIKA) to id B from previously id SD on Wednesday, April 29, 2026.

In line with this, Pefindo also upgraded the ratings of all the Company’s debt instruments, including Shelf-Registered Bonds I, II, and III to id B, as well as Shelf-Registered Mudharabah Sukuk I, II, and III to id B(sy).

This rating upgrade is closely tied to WIKA’s success in securing approval quorum from all Bondholders and Sukuk holders regarding adjustments to agreement terms, including revisions to principal and coupon payment schedules, as well as waivers for the temporary non-compliance with financial ratios as stipulated in the trustee agreements.

WIKA President Director, Agung Budi Waskito (BW), stated that this upgrade marks an important milestone and serves as validation of the effectiveness of the Company’s recovery measures.

“This upgrade confirms the Company’s improving performance trajectory as a result of WIKA’s commitment to consistently implementing transformation initiatives and strengthening its financial fundamentals,” said Agung BW.

Moving forward, WIKA will continue to enhance liquidity and maintain disciplined project execution through more selective portfolio management and operational efficiency.