Fitch affirms BCA, Danamon and Panin : Outlook stable

The Jakarta Post - Fitch Ratings has affirmed the ratings of Indonesia-based PT Bank Central Asia Tbk (BCA), PT Bank Danamon Tbk (Danamon) and PT Bank Pan Indonesia Tbk (Panin), giving each stable rating outlooks.

Fitch has also assigned National Short-Term Ratings of “F1+(idn)” to BCA and Danamon, a Short-Term Issuer Default Rating (IDR) of “B” to Panin and Support Rating Floor of “BB” to Danamon. A full list of rating actions is provided at the end of this commentary.

Read more...