...Rating Driven by Standalone Credit Profile: PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk's (BJB) National Long-Term Rating is underpinned by its intrinsic creditworthiness, supported by its resilient payroll-focused loan book. It also benefits from a moderate probability of extraordinary state support if needed, which provides a floor for the rating and reflects its role as Indonesia's largest regional development bank and a domestic systemically important bank, with a 1.6% share of system assets at end-June 2026. Resilient Operating Environment: Fitch Ratings expects Indonesia's GDP growth to remain firm, at 5.2% in 2026 and 4.9% in 2027, supporting continued growth in the banking sector. Fitch's Negative Outlook on the sovereign rating of 'BBB' reflects rising policy uncertainty, with potential implications for the fiscal outlook and external buffers. A weaker rupiah, higher funding costs and thinner margins are likely to test banks in the near term, but sound profitability and...
