Moody's rates Bank Resona Perdania debt Aa1.id

Moody's Investors Service said it assigned an Aa1.id national scale rating for Bank Resona Perdania's proposed senior debt issuance totaling Rs.135 billion and maturing in 2010.

The outlook is stable.

The rating is subject to receipt of final documents. It reflects the availability of strong support from its parent Resona Bank Ltd., Japan (rated A1), strong operational efficiency, high capital ratios and modest financial liquidity, Moody's said.

The rating also incorporates the bank's limited geographic coverage and earnings diversification, moderate credit risk concentration and weak asset quality relative to its domestic peers in Indonesia, the agency said.

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