Moody's revises outlook to positive from stable for eight Indonesian banks
Singapore, February 09, 2017-- Moody's Investors Service has affirmed the Baa3 deposit and, where applicable, issuer and senior unsecured debt ratings of 10 banks in Indonesia. At the same time, Moody's has revised the outlooks for the ratings of eight banks to positive from stable. The affected banks are: Bank Mandiri; Bank Rakyat Indonesia; Bank Central Asia Tbk; Bank Negara Indonesia TBK; PT Bank CIMB Niaga Tbk; Bank Tabugan Negara; Bank Danamon Indonesia TBK; and Lembaga Pembiayaan...PT Bank Mandiri is a holding company. Via its subsidiaries, Co. is engaged in the collecting funds from the public in the form of deposits, including demand deposits, time deposits, certificates of deposit, savings and/or other similar forms; extending loans; isssuing promissory notes; placing funds with, borrowing funds from, and lending funds to other banks using paper, telecommunications facilities and bearer negotiable instruments, checks and other means; providing custodian services to third parties on a contractual basis; and providing factoring, credit card and trusteeship services. As of Dec 31 2014, Co. had total assets of Rp855.04 trillion and total deposits of Rp583.45 trillion.
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