The rating reflects company’s strong performance as one of the largest Indonesia independent multi-finance company. The outlook upgrade was underpinned by Fitch’s expectation that BFI Finance Tbk (BFIN:IJ) will continue to sustain sound financial performance with strong balance sheet to withstand market volatility and macroeconomic headwinds. BFI Finance’s solid financial performance during 9M15 was driven by the company’s efforts in managing asset quality. Its NPL ratio remained low and manageable at 1.6% at the end of 9M15, slightly higher than 1.5% in 2014.