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Fitch ups Indonesian bank ratings
Fitch Ratings said Wednesday it upgraded the ratings of a number of Indonesian banks, following an upgrade of the Indonesian sovereign's long-term foreign and local currency ratings, both to B+ from B, on Nov. 21.
The ratings are as follows:
Bank Mandiri: long-term foreign currency rating upgraded to B+ from B. The rating for its US$300 million senior unsecured notes due 2008 has also been upgraded to B+ from B. The ratings for the bank's US$125 million subordinated notes due 2006 and US$125 million subordinated notes due 2012 are affirmed at B. The outlook is stable.
Bank Negara Indonesia: long-term foreign and local currency ratings upgraded to B+ from B. The rating for its US$150 million subordinated notes is upgraded to B from B-. Its other ratings are affirmed. The outlook is stable.
Bank Central Asia: long-term foreign currency rating upgraded to B+ from B, and support rating upgraded to 4 from 5. Its other ratings are affirmed. The outlook is stable.
Bank Rakyat Indonesia: long-term foreign currency rating upgraded to B+ from B. Its other ratings are affirmed. The outlook is stable.
Bank Danamon Indonesia: long-term foreign currency rating upgraded to B+ from B. Its other ratings are affirmed. The outlook is stable.
Bank Internasional Indonesia: long-term foreign currency rating upgraded to B from B-. Its other ratings are affirmed, and the outlook is stable.
Bank NISP: long-term foreign and local currency ratings upgraded to B+ from B. Its other ratings are affirmed, and the outlook is stable.
Bank Buana Indonesia: long-term foreign currency rating upgraded to B+ from B. Its other ratings are, and the outlook is stable.
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