Indonesia's Bank Central Asia national long-term rating upped to 'AA+' - Fitch |
|
|
|
Published
:
Tue, 14 Aug 2007 05:13
|
MUMBAI (Thomson Financial) - Fitch Ratings upgraded the national long-term rating of PT Bank Central Asia Tbk (BCA) to 'AA+' from 'AA, with a stable outlook.The upgrade reflects the bank's sound financial position relative to its peers, with generally good asset quality, above average capitalisation and strong profitability derived from its solid franchise in deposit taking in the Indonesian banking market, the agency said.At the same time, Fitch affirmed the bank's long-term foreign currency issuer default rating at 'BB-' with a positive outlook, short-term foreign currency IDR at 'B', individual rating at 'C/D', support rating at '4' and support rating floor at 'B+'.It added the ratings reflect BCA's systemic importance as the second largest bank in Indonesia although the probability of state support is limited by the financial constraints of the Indonesian government.TFN.newsdesk@thomson.comjroCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Standard Bank of Taiwan upgraded to 'AA(twn)' with a stable outlook - Fitch 