Moody's: Six banks' ratings under review


  • Business
  • Thursday, 30 Sep 2004

MOODY'S Investors Service has placed the long-term foreign currency credit ratings of six Malaysian banks on review for possible upgrade. 

The six banks are Bumiputra-Commerce Bank Bhd (BCB), HSBC Bank Malaysia Bhd, Malayan Banking Bhd (Maybank), Public Bank Bhd, RHB Bank Bhd and Standard Chartered Bank Malaysia Bhd.  

“This action reflects today's announcement of a review for possible upgrade of Malaysia's Baa1 foreign currency sovereign ceiling,” Moody's said in a statement yesterday.  

Among the ratings affected are the Baa1 foreign currency long-term deposit ratings of HSBC Bank Malaysia and Standard Chartered Bank Malaysia, according to the statement. Also affected are the Baa1 foreign currency long-term deposit ratings and Baa1 subordinated debt ratings of Maybank and Public Bank. 

As for BCB and RHB Bank, Moody's said it was reviewing their Baa1 foreign currency long-term deposit ratings and Baa2 subordinated debt ratings. – AFX-Asia  

 MAYBANK :  [Stock Watch]  [NewsPBBANK :  [Stock Watch]  [NewsCOMMERZ :  [Stock Watch]  [NewsRHB :  [Stock Watch]  [News]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Supermax shares fall to low of RM2 over alleged labour abuses
Oil falls as investors take profits, but fuel switching caps losses
Birkin bag maker Hermes shrugs off China slowdown, sales beat forecasts
Thai PTT Global Chemical plans US$22b investment by 2050 to decarbonise
Australia shares end almost flat as Evergrande worries weigh on miners
Digi posts 3Q net profit of RM312.8m, dividend 4 sen a share
CIMB Thai posts improved 9M21 net profit of THB1.71bil
China stocks rise as property and coal shares boost; HK down
China Evergrande secures extension on defaulted US$260m bond
Singapore charges two people for corrupt marine fuel trading practices

Others Also Read


Vouchers