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Bank Mandiri (P.T.) -- Moody's assigns (P)Baa2 to Bank Mandiri (P.T.)'s USD2 billion EMTN program

Moody's Investors Service has assigned a (P)Baa2 long-term foreign currency senior unsecured rating to Bank Mandiri (P.T.)'s (Baa2 stable, baa3) USD2 billion Euro Medium Term Note (EMTN) program. Bank Mandiri's Baa2 deposit rating incorporates one notch of uplift from the bank's baseline credit assessment (BCA) of baa3, based on Moody's assessment of a very high probability of support from the Government of Indonesia (Baa2 stable), in times of need. Bank Mandiri's BCA of baa3 is underpinned by its robust profitability and strong funding and liquidity.