Fitch affirms Bank Central Asia

Fitch Ratings said it affirmed PT Bank Central Asia Tbk.'s long-term foreign-currency issuer default rating at BB+, national long-term rating at AAA(idn), short-term foreign-currency issuer default rating at B and viability rating at BB+.

The outlook is stable.

The ratings reflect the bank's improved and consistently strong underlying financial performance, solid asset quality and satisfactory capital, Fitch said.

The agency noted that its financial performance is one of the strongest among its domestic peers, underpinned by an established franchise in transaction banking and the third-largest deposit-taking in Indonesia.

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