B- rating for BII's card

B- rating for BII's card

HONG KONG (Dow Jones): Duff & Phelps Credit Rating (DCR) Co. said Thursday it has reaffirmed its B- rating on the credit card receivable securitization issued by Bank Internasional Indonesia (BII).

"DCR believes the recent senior management changes instigated by the government should not have a material effect on BII's credit standing, thought they may cause some near-term uncertainties," the credit ratings agency said in a statement.

It also noted that the debt service coverage on the securitization "continues to improve," rising to 2.75 times from 1.75 times a year ago.

The ratings agency also said it's maintaining its CCC unsecured foreign currency and B- unsecured local currency ratings on Bank Internasional Indonesia.