INDONESIA - RATINGS - Bank Syariah Mandiri Tbk.

www.pefindo.com - PEFINDO assigned its “idAA+” rating to PT Bank Syariah Mandiri (BSRM or the Bank) with a ‘stable’ outlook. The rating reflects very strong support from PT Bank Mandiri (Persero) Tbk (Bank Mandiri or BMRI, rated idAAA/Stable), very strong position in sharia banking segment, and improving asset quality indicators. However, the rating is constrained by the Bank’s moderate