BNI rating outlooks upgraded

BNI rating outlooks upgraded

JAKARTA (JP): International rating agency Standard & Poor's
upgraded on Tuesday the outlooks on publicly listed Bank Negara
Indonesia's foreign currency and local currency counterparty
credit ratings to stable from negative.

The rating agency said that the change followed its outlook
revision on Indonesia's long-term sovereign rating to stable from
negative.

At the same time, Standard & Poor's affirmed its single-'B'-
minus long-term local currency counterparty credit rating and
senior unsecured debt ratings, its triple-'C'-plus long-term
foreign currency counterparty credit rating, and its single-'C'
short-term local currency and foreign currency counterparty
credit ratings on BNI.

Standard & Poor's said it also affirmed Indonesia's
triple-'C'-plus long-term and single-'C' short-term foreign
currency ratings, as well as the country's single-'B-minus long-
term and single-'C' short-term local currency ratings.