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Pefindo assigns "idAAA" rating for BTPN

13 May 2020 09:54

JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) affirmed its "idAAA" rating for PT Bank BTPN Tbk (BTPN) and MTN II/2017 issued by PT Bank Sumitomo Mitsui Indonesia (SMBC Indonesia). Pefindo also set the outlook for corporate credit rating at stable.

The rating period for BTPN is valid from May 8, 2020 - May 1, 2021, and for SMBC MTN II / 2017 is valid from May 8, 2020 - June 14, 2020.

The rating assigned by Pefindo reflects strong support from BTPN's parent, Sumitomo Mitsui Bank Corporation, which received an "A/Stable" rating from Standard and Poor's. In addition, BTPN also showed a favorable capitalization profile, strong market position, and strong asset quality indicators. (LM)

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