Moody's may cut 10 Indonesia banks

Moody's Investors Service said it placed the ratings of 10 Indonesian banks on review for possible downgrade.

The review of the debt and deposit ratings will look at the extent to which Indonesia's ability to provide support to its banking system, if needed, has changed in the midst of the ongoing global economic and credit crisis, Moody's said.

As the financial crisis continues, the capacity of a country and its central bank to support its banks converges with, and is increasingly constrained by, the government's own debt capacity, the agency said.

Bank Central Asia's Baa3 global local-currency deposit rating was placed on review for possible downgrade. All other ratings are unaffected , including its issuer rating of Ba2, foreign-currency long-term and short-term deposit ratings of B1/not-prime and bank financial strength rating of D+. The outlook is stable.

Bank CIMB-Niaga's Baa3 global local-currency deposit rating and Ba2 foreign-currency subordinated debt were placed on review for possible downgrade. All other ratings are unaffected, including its issuer rating of Ba2, foreign-currency long-term and short-term deposit rating of B1/not-prime and bank financial strength rating of D. The outlook is stable.

Bank Danamon Indonesia's Baa3 global local-currency deposit rating was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit rating of B1/not-prime and bank financial strength rating of D. The outlook is stable.

Bank Internasional Indonesia's Baa3 global local-currency deposit and Ba2 foreign-currency subordinated debt rating were placed on review for possible downgrade. All other ratings are unaffected, including its issuer rating of Ba2, foreign-currency long-term and short-term deposit ratings of B1/not-prime and bank financial strength rating of D. The outlook is stable.

Bank Mandiri's Baa2 global local-currency deposit rating was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit ratings of B1/not-prime and bank financial strength rating of D-. The outlook is stable.

Bank Negara Indonesia's Baa2 global local-currency deposit rating was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit rating of B1/not-prime and bank financial strength rating of D-. The outlook is stable.

Bank Permata's Baa3 global local-currency deposit was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit ratings of B1/not-prime and bank financial strength rating of D-. The outlook is stable.

Bank Rakyat Indonesia's Baa2 global local-currency deposit rating was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit rating of B1/not-prime and bank financial strength rating of D+. The outlook is stable.

Bank Tabungan Negara's Baa2 global local-currency deposit was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit of B1/not-prime and bank financial strength rating of D-. The outlook is stable.

Pan Indonesia Bank's Baa3 global local-currency deposit was placed on review for possible downgrade. All other ratings are unaffected, including its foreign-currency long-term and short-term deposit of B1/not-prime and bank financial strength rating of D. The outlook is stable.

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