trending Market Intelligence /marketintelligence/en/news-insights/trending/0DLaoiRYi34-RHGg5tvAWQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch affirms Panin Sekuritas' ratings

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Fitch affirms Panin Sekuritas' ratings

Fitch Ratings affirmed PTPanin Sekuritas Tbk's national long- and short-term ratings at AA-(idn)and F1+(idn), respectively, with a stable outlook.

The company's long-term rating reflects expectations of verylow default risk relative to other issuers or obligations in Indonesia, Fitch saidMay 3. The firm's short-term rating indicates the strongest capacity for timelypayment of financial commitments relative to other issuers or obligations.Panin Sekuritas' national ratings also take into account the company's consistentlysolid capitalization and low risk appetite.

The stable outlook reflects expectations that the company willmaintain a steady risk profile over the near to medium term, without significantlyincreasing leverage.

An upgrade in Panin Sekuritas' national ratings is unlikely giventhat Indonesia's capital market is still evolving and the weaker regulatory andoperating environment in the brokerage sector compared to the banking industry.Conversely, a downgrade of the company's ratings could result from an increase inrisk appetite, which could arise if it invests significantly in new business ventures.