TheJakartaPost
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Letter to the editor: Clarification from BII
We refer to The Jakarta Postâs news article titled âPefindo downgrades BII bond ratingâ, published on Sept
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e refer to The Jakarta Post's news article titled 'Pefindo downgrades BII bond rating', published on Sept. 16, 2014, which stated that the rating downgrade was due to a review of financial statements from June 2014 and also to audited financial statements from December 2013.
We would like to clarify that the rating downgrade for the issuance of 'Shelf Registration Subordinated Debt II' Bank BII 2014 tranche 1 was merely due to a change in the methodology applied by Pefindo based on Bank Indonesia Regulation No. 15/12/PBI/2013 dated Dec. 12, 2013 concerning minimum capital requirement for commercial banks, complying with the Basel III Accord.
Esti Nugraheni
Corporate Communication Division Head
PT Bank International Indonesia Tbk
Jakarta
Thank you for your clarification.
Editor
