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