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      Press Release

       
      PEFINDO lowers PT Modernland Realty Tbk rating to “idA-” 11 Apr, 2018
      PEFINDO affirms “idA” rating to PT Modernland Realty Tbk 11 Apr, 2017
      MDLN’s ratings affirmed at “idA”, outlook “negative” 08 Apr, 2016
      MDLN’s maturing bond affirmed at “idA” 28 Sep, 2015
      MDLN’s Shelf-Registration Bond assigned at “idA” 03 Jun, 2015
      MDLN’s ratings affirmed at “idA” 08 Apr, 2015
      MDLN’s ratings upgraded to “idA” from “idA-” 07 Oct, 2014
      "idA-" affirmed to MDLN with "positive" outlook 03 Oct, 2013
      "idA-" rating assigned to MDLN's proposed bond II amounting to IDR500 billion. 03 Dec, 2012
      PEFINDO assigned its "idA-" rating to MDLN. 18 Sep, 2012

      Rating Rationale

       
      PEFINDO lowers PT Modernland Realty Tbk rating to “idA-” 30 Apr, 2018
      PEFINDO affirms “idA” rating to PT Modernland Realty Tbk 25 Apr, 2017
      MDLN’s ratings affirmed at “idA”, outlook “negative” 29 Apr, 2016
      MDLN’s Shelf-Registration Bond assigned at “idA” 03 Jun, 2015
      MDLN’s ratings affirmed at “idA” 15 Apr, 2015
      MDLN’s ratings upgraded to “idA” from “idA-” 16 Oct, 2014
      "idA-" affirmed to MDLN with "positive" outlook 11 Oct, 2013
      "idA-" rating assigned to MDLN's proposed bond II amounting to IDR500 billion 03 Dec, 2012
      PEFINDO assigned its "idA-" rating to MDLN 19 Sep, 2012