Fitch rates Bank Tabungan Pensiunan A+(idn)

Fitch Ratings said it assigned a final rating of A+(idn) to the Rp750 billion three- and five-year senior bonds issued by PT Bank Tabungan Pensiunan Nasional Tbk, which has A+ ratings and a positive view.

This follows the completion of the bond issuance and receipt of documents conforming to information previously received, Fitch said. The final rating is the same as the expected rating assigned in July.

Since late 2008, the bank has been expanding rapidly into microbanking, the agency said.

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