Moody's ups Indonesia banks

Moody's Investors Service said it published the rating results for banks in Indonesia as part of the application of its refined joint default analysis and updated bank financial strength rating methodologies.

The specific ratings changes include:

Bank Danamon Indonesia's bank financial strength rating is changed to D with a positive outlook from D- and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency debt rating for subordinated obligations is unchanged at Ba3.

Bank Internasional Indonesia's bank financial strength rating is changed to D from E+ and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency issuer rating and foreign-currency debt rating for subordinated obligations are unchanged at Ba3.

Bank Lippo's bank financial strength rating is changed to D from D- and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency issuer rating and foreign-currency debt rating for subordinated obligations are unchanged at Ba3.

Bank Mandiri's bank financial strength rating is changed to D- from E+ and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency debt rating for senior and subordinated obligations is unchanged at Ba3.

Bank Negara Indonesia's bank financial strength rating is changed to D- from E and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency debt rating for subordinated obligations is unchanged at Ba3.

Bank Niaga's bank financial strength rating is changed to D from E+ and the foreign-currency deposit ratings are unchanged at B2/not-prime. The foreign-currency issuer rating and foreign-currency debt rating for subordinated obligations are unchanged at Ba3.

Bank Rakyat Indonesia's bank financial strength rating is changed to D+ from D- and the global local-currency deposit ratings assigned are Baa2/prime-3. The foreign-currency deposit ratings are unchanged at B2/not-prime and the foreign-currency debt rating for subordinated obligations is unchanged at Ba3.

All foreign-currency deposit and foreign-currency debt ratings have positive outlooks in line with the outlook on the country's sovereign ratings outlook, the agency said.

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