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Ratings On Banks Raised, Three Philippine, One Indonesian; Government Support Incorporated Apr 07
Standard & Poors, April 2007
SINGAPORE (Standard & Poor's) April 19, 2007--Standard & Poor's Ratings Services said today it has raised the long-term counterparty credit ratings to 'BB-' from 'B+' on Indonesia's PT Bank Negara Indonesia (Persero) Tbk (BNI), and the Philippines' Metropolitan Bank & Trust Co. (Metrobank), Banco De Oro Universal Bank (BDO) and Equitable PCI Bank Inc. (EPCI) (see Ratings List below). The outlook is stable. At the same time, the Bank Fundamental Strength Ratings (BFSRs) of the four banks remain unchanged at 'D'. The ratings have been raised to incorporate expected extraordinary support from the respective governments due to these banks' systemic importance in their individual countries. Standard & Poor's believes the respective governments are likely to have the willingness and capability...
Companies mentioned in this report are: PT Bank Negara Indonesia (Persero) Tbk.,Indonesia (Republic of),Philippines (Republic of),Metropolitan Bank & Trust Co. (Unsolicited Ratings),Equitable PCI Bank Inc. (Unsolicited Ratings),Banco De Oro Unibank Inc. (Unsolicited Ratings)
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
PT Bank Negara Indonesia (Persero) Tbk.,Indonesia (Republic of),Philippines (Republic of),Metropolitan Bank & Trust Co. (Unsolicited Ratings),Equitable PCI Bank Inc. (Unsolicited Ratings),Banco De Oro Unibank Inc. (Unsolicited Ratings)