Moody's ups outlooks on 3 banks<\/p>\n
JAKARTA: Moody's Investors Service has upgraded the ratings
\noutlooks for the Caa1 long-term bank deposit ratings of three
\nIndonesian banks from stable to positive, it announced Monday.<\/p>\n
The three banks are Bank Danamon Indonesia, Bank Rakyat
\nIndonesia and Pan Indonesia Bank, the ratings agency said in a
\npress release.<\/p>\n
The financial strength ratings of all three were unaffected,
\nit added.<\/p>\n
The move reflected the change in outlook for Indonesia's B3
\nforeign currency country ceiling for bonds, and Caa1 foreign
\ncurrency ceiling for bank deposits, from stable to positive on
\nApril 25, Moody's said.<\/p>\n
All Indonesian banks rated by Moody's, except for Bank
\nInternasional Indonesia, now carry positive ratings outlooks.<\/p>\n
Moody's said it was considering downgrading Bank International
\nIndonesia's ratings. -- AFP<\/p>",
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