Moody's: Malaysian banks resilient to severe credit, market losses

KUALA LUMPUR: Malaysian banks are resilient to severe credit and market losses and are able to withstand a scenario worse than the 2008-09 global financial crisis, say Moody's Investors Service.

In its credit outlook issued on Thursday, it said Bank Negara Malaysia's (BNM) report of its stress test of the country's banks showed banks "are well capitalised".