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Moody's affirms ratings of 10 Malaysian financial institutions

Staff writer ▼ | January 13, 2016
Moody's Investors Service has affirmed the deposit and issuer and senior debt ratings of 10 financial institutions in Malaysia (A3 stable).
Rating   The deposit and issuer and senior debt ratings
At the same time, Moody's has revised the outlooks for the ratings of these institutions to stable from positive.

The rating actions follow the affirmation of Malaysia's A3 sovereign rating, and the change in the outlook for Malaysia's rating to stable from positive on January 11, 2016.

The affected financial institutions are: (1) Malayan Banking Berhad; (2) Public Bank Berhad; (3) CIMB Bank Berhad, (4) CIMB Islamic Bank Berhad; (5) CIMB Group Holdings Berhad; (6) Hong Leong Bank Berhad; (7) AmBank (M) Berhad; (8) HSBC Bank Malaysia Berhad; (9) Cagamas Berhad; (10) Export-Import Bank of Malaysia Berhad.

The baseline credit assessments (BCAs) assigned to the commercial banks are unaffected by this rating actions.

The credit ratings, assessments and outlooks assigned to RHB Bank Berhad, Standard Chartered Bank Malaysia Berhad and CIMB Investment Bank are also unaffected.