Moody's may upgrade nine Indonesian banks

Moody's Investors Service said it placed all the long-term debt and B3 deposit ratings of nine Indonesian banks on review for possible upgrade following the placement of Indonesia's sovereign ratings on review for possible upgrade.

The banks on review are Bank Danamon Indonesia, Bank Internasional Indonesia, Bank Mandiri, Bank Negara Indonesia, Bank Niaga, Bank Permata, Bank Rakyat Indonesia, Bank Tabungan Negara and Pan Indonesia Bank.

The Not-Prime short-term deposit and bank financial strength ratings of all nine banks are unaffected.

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