Fitch affirms Bank Rakyat Indonesia

Fitch Ratings said it affirmed PT Bank Rakyat Indonesia (Persero) Tbk's long-term foreign-currency issuer default rating at BB, short-term foreign-currency issuer default rating at B and national long-term rating at AAA(idn).

The outlook is stable.

The ratings reflect its strong underlying profitability, well-reserved and above average asset quality, as well as its largely unchallenged position as a leading bank for micro-lending in Indonesia, Fitch said.

The ratings also take into account its majority state-ownership and size, the agency said.

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