RI banks rated with outlook negative

RI banks rated with outlook negative

NICOSIA (Reuters): Cyprus-based ratings agency Capital
Intelligence has assigned a negative outlook to 21 rated
Indonesian banks amid concern over the implications of
Indonesia's currency crisis.

Any future rating changes are likely to be downward, the
ratings agency said in a news release on Monday.

Capital Intelligence said the effects of the current crisis
will begin to show over the next three months as companies
attempt to meet loan payments or seek debt rescheduling.

"As some banks will experience losses or not be in a position
to fund large reschedulings, we see an uncertain situation for
the banking system in the short term, and view the outlook for
all rated banks as negative," it said.

The banks affected are:

Government banks - Bank Rakyat Indonesia, Bank Expor-Impor
Indonesia, Bank Pembangunan Indonesia, Bank Bumi Daya, Bank
Negara Indonesia, Bank Dangang Negara.

Private banks - Bank Dangang Nasional Indonesia, Bank Bali,
Bank Danamon Indonesia, Bank Internasional Indonesia, Bank Tiara,
Liippobank, Bank Buana Indonesia, Bank Indonesia Raya, Bank Umum
Nasional, Pan Indonesia Bank, Bank Central Asia, Bank Duta, Bank
Niaga, Bank Utama, Tamara Bank.