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.
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.
