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Published on 7/24/2008 in the Prospect News Emerging Markets Daily.

Fitch affirms Bank Central Asia

Fitch Ratings said it affirmed PT Bank Central Asia Tbk's long-term foreign-currency issuer default rating at BB, short-term foreign-currency issuer default rating at B and national long-term rating at AA+(idn).

The outlook is stable.

The ratings reflect the bank's robust financial position as reflected in its good asset quality and above average capital position and earnings, Fitch said.

The ratings also reflect its size as the second-largest bank in Indonesia and the moderate probability of support from the government in the unlikely event of need, the agency said.


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