S&P Global Ratings revised the rating outlook on PT Bank Mandiri (Persero) (Mandiri), PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) and PT Bank Negara Indonesia (Persero) Tbk. (BNI) to negative from stable.
KUALA LUMPUR: S&P Global Ratings revised the rating outlook on PT Bank Mandiri (Persero) (Mandiri), PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) and PT Bank Negara Indonesia (Persero) Tbk. (BNI) to negative from stable.
It said on Tuesday the lowering of the outlook was due to heightened economic risks in Indonesia's banking system, which may weaken the credit profiles of these banks.
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