HONG KONG (Standard&Poor's) Oct. 23, 2009--Standard&Poor's Ratings Services today revised the outlook on the ratings of four Indonesian banks to positive from stable. These banks are PT Bank Mandiri (Persero), PT Bank Danamon Indonesia Tbk., PT Bank CIMB Niaga Tbk. (CIMB Niaga--unsolicited ratings) and PT Bank Internasional Indonesia Tbk. (BII). As a result, all these banks are now rated BB-/Positive/B, compared with BB-/Stable/B earlier. There is no change in the rating or outlook on PT Bank Negara Indonesia (Persero) Tbk. The outlook revision on the banks comes after the similar action on the sovereign credit rating on Indonesia (foreign currency BB-/Positive/B; local currency BB+/Positive/B) today. The rationales for the outlook revisions--varying somewhat across the four banks--are
