(Editor's note: In the press release published Dec. 22, 2004, the outlook on the foreign currency rating on Bank Negara Indonesia was misstated. A corrected version follows.) SINGAPORE (Standard&Poor's) Dec. 23, 2004--Standard&Poor's Ratings Services raised its long-term foreign currency counterparty credit ratings on both P.T. Bank Mandiri (Persero) (Bank Mandiri) and P.T. Bank Danamon Tbk (Bank Danamon) to 'B+' from 'B' and their local currency counterparty credit ratings to 'BB-' from 'B+'. The outlooks on Bank Mandiri and Bank Danamon's foreign currency ratings are positive, while the outlooks on their local currency ratings are stable. The short-term ratings on the two banks are affirmed at 'B'. At the same time, Standard&Poor's also raised its
