Tempointeraktif.com - Bank Mega’s Rating Watch Negative: "EMPO Interactive, Jakarta:Fitch Ratings agency has placed Bank Mega on its negative rating watch. The agency is examining the bank’s condition closely. If the result is unsatisfactory, Bank Mega’s rating is likely to be lowered further.
In a written statement yesterday, Fitch issued a long-term national rating of ‘A+(idn)’ and a subordinated loan of ‘A(idn)’ for Bank Mega. The rating follows a sanction from the central bank of the Para Group-owned bank.
The rating reflects the potentially negative impacts of the central bank’s sanction. Bank Mega is banned from opening new branches, extending and opening deposits-on-call, and offering negotiable deposits for one year."
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