KUALA LUMPUR: Moody’s Investors Service has affirmed HSBC Bank Malaysia Bhd’s long-term local currency deposit rating of A1 and has revised the outlook on this rating to “negative” from “stable”.
Moody’s said the change in outlook on HSBC Malaysia’s long-term local currency deposit rating followed the rating action taken on the bank’s parent, The Hongkong and Shanghai Banking Corp Ltd (HSBC HK, Aa2 negative, a1), on Dec 17.
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