The Indonesian Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Indonesia
The public information ratings on PT Bank CIMB Niaga Tbk (CIMB Niaga) factor in a one-notch rating support available to the bank as a result of its strategically important subsidiary status within Malaysia-based CIMB group, which is dominated by CIMB Bank Bhd. (BBB+/Stable/A-2). On a standalone basis, the ratings reflect CIMB Niaga's market position as the fifth-largest commercial bank in terms of assets in Indonesia (foreign currency BB-/Positive/B; local currency BB+/Positive/B), and its satisfactory capitalization and adequate profitability. The credit profile of CIMB Niaga is constrained by the high-risk environment in which the bank operates, and its weak asset quality by international standards. Standard & Poor's regards CIMB Niaga as a strategically important entity within CIMB group, given the integral...
Companies mentioned in this report are: PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),CIMB Bank Bhd.
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PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),CIMB Bank Bhd.