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KBLI Navigator/Section K/66193
KBLI 66193

Securities Rating

Pemeringkatan Efek

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect Match🏝️✅Registrable in Bali· medium conf.

This activity covers the rating of debt securities, sukuk, asset-backed securities, and other ratable instruments, as well as entity credit ratings (company rating) including mutual funds and real estate investment funds in collective investment contract form. It provides investors with an assessment of an entity's ability to meet payment obligations fully and on time, expressed through a predefined rating system.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Nationally, this KBLI is fully open (100% foreign ownership) for PMA companies. In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

This fits a foreign entrepreneur looking to establish a credit rating agency or securities rating firm — and Bali is not off the table: this KBLI's large-scale risk class sits above the moratorium's Low/Medium-Low band, so a PMA can still register it here.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66193
Common Questions
Can foreigners operate a securities rating business in Indonesia?
Yes. KBLI 66193 (Pemeringkatan Efek) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66193?
KBLI 66193 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66193?
KBLI 66193 is the Indonesian business classification code for "Pemeringkatan Efek" (Securities Rating). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 66193 change from KBLI 2020 to 2025?
KBLI 66193 was mapped from previous code 66193 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66194Section K

Securities Price Valuation

Penilaian Harga Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66192Section K

Trust Custody & Management

Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66195Section K

Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66191Section K

Securities Transaction Financing

Aktivitas Pendanaan untuk Transaksi Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66196Section K

Securities Underwriting

Penjaminan Emisi Efek (underwriter)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66162Section K

Sharia Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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