Fitch Ratings - Singapore/Jakarta - 09 Mar 2026: Fitch Ratings has revised the Outlooks on the 'BBB' Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of four Indonesian state-owned enterprise (SOE) banks to Negative from Stable. The Long-Term IDRs, Government Support Ratings (GSRs) and Short-Term IDRs have been affirmed. The four SOE banks are:

- PT Bank Mandiri (Persero) Tbk (Mandiri)

- PT Bank Rakyat Indonesia (Persero) Tbk (BRI)

- PT Bank Negara Indonesia (Persero) Tbk (BNI)

- Lembaga Pembiayaan Ekspor Indonesia (Indo Eximbank)

The above-listed banks' Viability Ratings (VRs) and National Ratings, where assigned, were not part of this review.



$BBRI $BBNI $BMRI