Fitch affirms Panin Sekuritas

Fitch Ratings said it affirmed PT Panin Sekuritas Tbk.'s national long-term rating at A(idn), along with its senior unsecured bonds issued in 2007 at A(idn).

The outlook is stable.

The ratings primarily reflect likely support by Bank Pan Indonesia (Panin) in case of need, Fitch said.

The ratings also consider Panin Sekuritas' strong capitalization, low leverage and sound profitability relative to domestic peers, Fitch said.

Its profitability is subject to the volatile conditions of capital markets, the agency added.

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