BII rating downgraded

BII rating downgraded

HONG KONG (Dow Jones): Thomson BankWatch announced Wednesday
it has downgraded PT Bank Internasional Indonesia's short-term
local currency debt rating to LC-4 from LC-3.

"Bank Internasional Indonesia's performance has deteriorated
sharply in the dire environment facing all of Indonesia's banks,"
said Mark Jones, a Thomson analyst.

"Ballooning non-performing loans, erosion of earnings and
pressure on the capital base are all reflected in the lower
rating," he said.

Bank Internasional Indonesia is one of the largest private
banks in the country.