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]

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