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.