Moody's could lift 11 Indonesian banks

Moody's Investors Service said it placed the foreign-currency long-term debt and foreign-currency long-term deposit ratings of 11 Indonesian banks on review for upgrade.

The 11 banks are Bank Central Asia, Bank Danamon Indonesia, Bank Internasional Indonesia, Bank Lippo, Bank Mandiri, Bank Negara Indonesia, Bank Niaga, Bank Permata, Bank Rakyat Indonesia, Bank Tabungan Negara and Pan Indonesia Bank.

On watch for upgrade are: Bank Central Asia and Bank Danamon Indonesia's Ba3 issuer and B2 foreign-currency long-term deposit ratings; Bank Internasional Indonesia, Bank Lippo, Bank Mandiri, Bank Negara Indonesia and Bank Niaga's Ba3 issuer and foreign-currency subordinated debt and B2 foreign-currency long-term deposit ratings; Bank Rakyat Indonesia's Ba3 foreign-currency subordinated debt and B2 foreign-currency long-term deposit ratings; and Bank Permata, Bank Tabungan Negara and Pan Indonesia Bank's B2 foreign-currency long-term deposit rating.

The Not-Prime short-term deposit and bank financial strength ratings are unaffected.

The outlook is stable.

"This action follows a similar action taken on Indonesia's sovereign ratings on Aug. 1," Beatrice Woo, a Moody's vice president and senior credit officer, said in a written statement.

Specifically, the ratings placed on review for upgrade are the foreign-currency and local-currency government bond of B1, the foreign-currency deposit ceiling of B2 and the foreign-currency country ceiling of Ba3.

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