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Fitch affirms Bank Mayapada Internasional's ratings

Fitch Ratings Indonesia affirmed 'sA-(idn) national long-term rating and F1(idn) national short-term rating, witha negative outlook.

The rating agency said the bank's ratings reflect its strongappetite for credit growth and the associated risk to asset quality, as well asits weak capital profile and smaller franchise relative to peers.

The negative outlook on the bank's ratings reflects possibleasset quality deterioration given the bank's high loan growth appetite.

Fitch believes the bank will need capital injections fromits shareholders to support its business development and ability to absorbpotential losses from its strong asset growth.

The rating agency could raise the outlook on the bank tostable if it reduces the risk of deterioration in asset quality, corecapitalization and risk-adjusted profitability. If such improvements arematerial and sustained, it may lead to more positive ratings actions.

A downgrade in the bank's ratings could result fromdeterioration in asset quality and capitalization stemming from continued highloan growth.