Indonesia's PT Bank Mega assigned 'A+(idn)' national long term rating - Fitch |
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Published
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Wed, 24 Oct 2007 06:44
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MUMBAI (Thomson Financial) - Fitch Ratings said it has assigned a national long-term rating of 'A+(idn)' reflecting the Indonesian bank's improved profitability and satisfactory balance sheet.The ratings agency said the bank's below average capital ratios are mitigated by its generally good asset quality while the support ratings reflect limited support from the state if required.Fitch also assigned an individual rating of 'D' and a support rating of '4' to the bank with a stable outlook.The ratings agency assigned an expected rating of 'A(idn)' to the bank's proposed 10-year subordinated bond I/2007, amounting to a maximum of 1.5 trillion idr.TFN.newsdesk@thomson.comvsr/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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