S&P affirms CIMB ratings, ups investment bank credit profile


Companies like CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd (HLFG) and AmBank Group Bhd may have to beef up their capital structures by 2019.

KUALA LUMPUR: S&P Global Ratings affirmed its A- long-term and A-2 short-term issuer credit ratings on CIMB Bank Bhd (CIMBB) and CIMB Investment Bank Bhd (CIMBIB).

It said on Tuesday the outlook on the long-term rating was stable. CIMBB is the main operating subsidiary of CIMB Group Holdings Bhd (CIMB Group), and CIMBIB is the investment banking subsidiary of CIMB Group.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , S&P , Cimb , ratings , investment , credit , bank ,

   

Next In Business News

Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Optimistic outlook for Grade A premium offices
Medical tourism to bolster private hospital growth
Haily wins RM109.5mil contract
ASIAWATER 2024 set to chart course for water resilience
Topmix makes Bursa debut with 32% premium
KIP-REIT aims to scale up operations
Inta Bina bags RM170mil job
Vehicle sales dip 10% in March to 71,052 units

Others Also Read