S&P rates Bank Negara notes BBB

S&P said it assigned a BBB long-term issue rating to dollar-denominated senior unsecured notes that Bank Negara Indonesia (Persero) Tbk. (BNI) plans to issue. The offering will be under the bank's $2 billion global medium-term notes program.

“We equalize the rating on the notes with the issuer credit rating on BNI (BBB/stable/A-2). This reflects our expectation that the notes will rank equally with all other senior unsecured obligations of the bank,” S&P said in a press release.

The outlook is stable.

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