SINGAPORE (Standard&Poor's) Oct. 8, 2003--Standard&Poor's Ratings Services said today it revised its outlooks on the local currency ratings on Indonesia-based P.T. Bank Mandiri (Persero) (Mandiri), Bank Negara Indonesia (Persero) Tbk. (P.T.) (Bank BNI), and Bank Danamon Indonesia Tbk. (P.T.) (Danamon) to positive from stable. At the same time, Standard&Poor's affirmed its 'B' long- and short-term ratings on the banks. The outlooks on the foreign currency ratings are stable. The outlook revisions follow Standard&Poor's one-notch upgrade of the Republic of Indonesia (foreign currency B/Stable/B, local currency B+/Stable/B; see the related media release entitled "Ratings on Indonesia Raised With Better Fiscal Performance and Greater Political Stability", published on Oct. 7, 2003, on RatingsDirect, Standard
