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Published on 10/18/2007 in the Prospect News Emerging Markets Daily.

Moody's ups 11 Indonesian banks

Moody's Investors Service said it raised the foreign-currency long-term debt and foreign-currency long-term deposit ratings of 11 Indonesian banks.

The not-prime short-term deposit and bank financial strength ratings of all 11 banks are unaffected. All banks' outlooks are stable. The ratings upgraded include:

Bank Central Asia's issuer rating was raised to Ba2 from Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Danamon Indonesia's foreign-currency subordinated debt rating was raised to Ba2 from Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Internasional Indonesia's issuer/foreign-currency subordinated debt ratings were raised to Ba2/Ba2 from Ba3/Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Lippo's issuer/foreign-currency subordinated debt ratings were raised to Ba2/Ba2 from Ba3/Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Mandiri's foreign-currency senior/subordinated debt ratings were raised to Ba2/Ba2 from Ba3/Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Negara Indonesia's foreign-currency subordinated debt rating was raised to Ba2 from Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Niaga's issuer/foreign-currency subordinated debt ratings were raised to Ba2/Ba2 from Ba3/Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Permata's foreign-currency long-term deposit rating was raised to B1 from B2.

Bank Rakyat Indonesia's foreign-currency subordinated debt rating was raised to Ba2 from Ba3 and foreign-currency long-term deposit rating to B1 from B2.

Bank Tabungan Negara's foreign-currency long-term deposit rating was raised to B1 from B2.

Pan Indonesia Bank's foreign-currency long-term deposit rating was raised to B1 from B2.


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