HONG KONG (Standard&Poor's) March 12, 2010--Standard&Poor's Ratings Services said today that it raised its long-term counterparty ratings on three Indonesian banks. The outlook on each of these ratings is stable. These banks are PT Bank Mandiri (Persero), PT Bank CIMB Niaga Tbk. (CIMB Niaga--unsolicited rating), and PT Bank Internasional Indonesia Tbk. (BII). As a result, all these banks are now rated 'BB/Stable/B' compared with 'BB-/Positive/B' earlier. The ratings on the banks were raised following the similar action on the sovereign credit rating on Indonesia (foreign currency BB/Positive/B; local currency BB+/Positive/B; ASEAN scale axBBB+/--/axA-2) today. We also affirmed the ratings on PT Bank Danamon Indonesia Tbk. (BB-/Positive/B). There is no change in the rating on PT Bank
