Bank BTPN Upgraded to AAA Driven by Higher Holding’s Credit Profile

Fitch Rating Indonesia upgraded national rating on Bank Tabungan Pensiunan Nasional Tbk (BTPN) to  AAA(idn) from AA+(idn) with a stable outlook. The upgrade was driven by its parent’s strong credit profile, Sumitomo Mitsui Banking Corporation (SMBC) which its rating also upgraded to ‘A’ from ‘A-‘ last year. The rating upgrade on BTPN indicates strong tendency for the parent to support BTPN due to its role as strategically important business unit for SMBC. In 9M2015, BTPN has maintained satisfactory capital profile on the back of strong SMCB’s support with tier 1 capital ratios stood at 22.9%.

BTPN’s Senior Notes II Rated AAA

Angkasa Pura II was Assigned AAA Rating by Fitch & Pefindo

Sarana Multi Infrastruktur Rating Upgraded to AAA

Corporate Bonds Sales Shadowed by Rising Govvies Yield

Indonesia Government Sold IDR6.32Trn at Sukuk Auction