S&P lowers Bank Negara view to stable

Standard & Poor's said it revised its outlook on the long-term local currency ratings on PT Bank Negara Indonesia (Persero) Tbk to stable from positive.

At the same time, the foreign and local currency ratings on the bank (B+/stable/B) are affirmed, the agency said, noting that the outlook revision reflects the challenges the bank faces in improving its key fundamentals, in particular its loan quality and revenue growth.

S&P added that the ratings on Bank Negara continue to be underpinned by the bank's satisfactory capitalization, its still-strong franchise as the third-largest bank in the domestic banking system with a market share of 10% to 11% of system assets and deposits.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.