Moody's assigned long- and short-term local- and foreign-currency counterparty risk ratings to nine Indonesian banks.
The rating agency said July 5 that the counterparty risk ratings assigned are in line with the already assigned counterparty risk assessments.
The rating agency assigned Baa1/P-2 long- and short-term local- and foreign-currency counterparty risk ratings to PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank CIMB Niaga Tbk and PT Bank Danamon Indonesia Tbk.
Additionally, Moody's assigned long- and short-term local- and foreign-currency counterparty risk ratings of Baa2/P-2 to PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Bank Pan Indonesia Tbk and PT Bank Permata Tbk.
Counterparty risk ratings reflect entities' ability to honor the uncollateralized portion of nondebt counterparty financial liabilities and the expected financial losses if such liabilities are not honored, according to Moody's. Such ratings do not carry outlooks.