Moody's ups 9 Indonesia banks

Moody's Investors Service said it raised the constrained foreign-currency long-term/short-term deposit ratings of nine Indonesian banks to Baa3/prime-3 from Ba2/not-prime.

The revised ratings have stable outlooks.

Bank Central Asia's foreign-currency long-term and short-term deposit ratings were upgraded to Baa3/prime-3 from Ba2/not-prime and foreign-currency issuer rating to Baa3 from Ba1. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating and Ba1 baseline credit assessment.

Bank CIMB-Niaga's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime and foreign-currency issuer rating to Baa3 from Ba1. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating, Ba1 foreign-currency subordinated debt rating and Ba2 baseline credit assessment.

Bank Danamon Indonesia's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating and Ba2 baseline credit assessment.

Bank Mandiri's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating and Ba2 baseline credit assessment.

Bank Negara Indonesia's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings are unaffected, including its Baa3 global local-currency deposit rating and Ba2 baseline credit assessment.

Bank Permata's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit ratings and Ba3 baseline credit assessment.

Bank Rakyat Indonesia's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit ratings and Ba1 baseline credit assessment.

Bank Tabungan Negara's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating and Ba3 baseline credit assessment.

Pan Indonesia Bank's foreign-currency long-term and short-term deposit ratings were raised to Baa3/prime-3 from Ba2/not-prime. All of its other ratings were unaffected, including its Baa3 global local-currency deposit rating and Ba3 baseline credit assessment.

The upgrades are in line with the similar rating actions taken on Indonesia's ratings, Moody's said.

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