SINGAPORE (Standard&Poor's) May 12, 2003--Standard&Poor's Ratings Services today raised its counterparty credit ratings to 'B/Stable/B' from 'B-/Stable/C' on the following Indonesian banks: P.T. Bank Mandiri (Persero) (Bank Mandiri); P.T. Bank Negara Indonesia (Persero) Tbk. (Bank BNI); and P.T. Bank Danamon Indonesia Tbk. (Bank Danamon) At the same time, Standard&Poor's raised it public information rating on P.T. Bank Central Asia (BCA) to 'Bpi' from 'CCCpi'. In addition, Standard&Poor's assigned its 'CCCpi' rating to P.T. Bank Internasional Indonesia Tbk. (Bank BII) and affirmed its 'CCCpi' ratings on Lippo Bank Tbk (P.T.), Bank Permata Tbk (P.T.), P.T. Bank Rakyat Indonesia (Persero), P.T. Bank Tabungan Negara (Persero), and P.T. Bank Pan Indonesia Tbk. The upgrades recognize
