KUALA LUMPUR: ,The injection of new capital and internal restructuring of RHB Capital Bhd is seen as credit positive for the group’s banking arm, RHB Bank Bhd, which will benefit from the move, says Moody’s Investors Service.
Last Monday, RHB Capital announced that it would issue new shares through a rights issue of up to RM2.5bil and inject the capital into its main operating entity, RHB Bank, which is rated at a stable A3/A3.
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