Singapore, November 19th, 2014 -- Moody's Investors Service has assigned long-term local currency deposit and long-term foreign currency issuer ratings of Baa2 to PT Bank ICBC Indonesia.

Moody's has also assigned short-term local currency deposit and short-term foreign currency issuer ratings of Prime-2. The assigned long-term foreign currency deposit rating is Baa3, constrained by the Indonesia's country ceiling of Baa3, while the assigned short-term foreign currency deposit rating is Prime-3.

At the same time, Moody's has assigned a bank financial strength rating (BFSR) of D, which is equivalent to a baseline credit assessment (BCA) of ba2. All the ratings have a stable outlook. This is the first time that Moody's assigns ratings to ICBC Indonesia, although the rating agency has long rated other parts of the ICBC group.