Ratings On Banks Raised, Three Philippine, One Indonesian; Government Support Incorporated Apr 07
- ID: 1810570
- April 2007
- Region: Indonesia, Philippines
- Standard & Poors
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 the)
- Metropolitan Bank & Trust Co.
- Equitable PCI Bank Inc.
- Banco De Oro Unibank Inc.
Action: Outlook: Stable
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