Moody's may up Bank Internasional Indonesia strength

Moody's Investors Service said it has placed Bank Internasional Indonesia's E+ bank financial strength rating on review for possible upgrade. All other ratings are unaffected.

The review will consider the bank's improving, albeit modest, financial fundamentals under major shareholder, Temasek Holdings of Singapore (rated Aaa).

In particular, the bank has regained positive economic solvency, after adjusting for problem loans in its balance sheet, and despite the recent rapid loan expansion, the agency noted.

In addition, Moody's said the bank is generating a stronger recurring earnings stream, including a decreasing reliance on income from government recapitalization bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.