Moody's rates Bank Niaga Aaa.id

Moody's Investors Service said it assigned an Aaa.id long-term national scale rating to Bank Niaga. The bank's other ratings include issuer/foreign-currency subordinated debt of Ba3, global local-currency deposit rating of Baa3, foreign-currency long-term/short-term deposit of B2/not-prime and bank financial strength of D.

The issuer/foreign-currency subordinated debt and foreign-currency long-term deposit ratings are on review for possible upgrade.

The outlook is stable.

The ratings reflect Bank Niaga's global default and loss expectation, while also considering the standing of the bank's credit quality relative to its domestic peers, Moody's said.

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