PETALING JAYA: Standard & Poor’s Ratings Services maintained its Group 4 Banking Industry Country Risk Assessment (BICRA) on Malaysia, while it revised the gross problematic assets (GPA) in the local system to 10%-20% range from the previous 15%-30% range.
“Standard & Poor’s expects the Malaysian financial system to be sufficiently resilient against exogenous shocks, characterised by greater volatility in financial markets during credit cycles,’’ credit analyst Ivan Tan said in a statement.
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