Weak asset quality Operates in a high-risk and developing economic environment Expected government support Adequate financial profile The counterparty credit ratings on Indonesia's PT Bank Mandiri (Persero) reflect the bank's weak asset quality and the high risk and developing economic environment that the bank operates in. These weaknesses are tempered by the bank's good market position as the largest bank in the Indonesian banking system, a majority government ownership, and our expectation of government support. Mandiri is systemically important to the Indonesian banking sector, given its established franchise as the largest in the country with market shares of 15% in customer deposits and 14.4% in assets as at Dec. 31, 2009. The bank's subsidiary is the largest Islamic bank in
