BNI ratings on Creditwatch<\/p>\n
JAKARTA (AFX-ASIA): Standard & Poor's said it has placed its
\nCCC+ long term local currency, CCC- long term foreign currency
\nand C short term local and foreign currency counterparty credit
\nratings on PT Bank Negara Indonesia on CreditWatch with positive
\nimplications.<\/p>\n
The ratings action is in response to the financial support
\nprovided to BNI by the Indonesian government and the recent
\nupgrade of the sovereign credit ratings on Indonesia, S&P said.<\/p>\n
It said the extent of any upward revision hinges on a thorough
\nreview of the quality of the bank's assets, its provisions for
\nbad and doubtful debt, and the implications of BNI's
\nprofitability and capital position.<\/p>\n
The implementation of a government sponsored recapitalization
\nprogram has increased BNI's net worth to a positive Rp 5.68
\ntrillion at end-June from a deficit of Rp 43.98 trillion, and
\nlifted BNI's risk-weighted capital ratio to 4 percent.<\/p>\n
Government recapitalisation bonds account for almost three-
\nfifths of BNI's total assets.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bni-ratings-on-creditwatch-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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