Moody's: AmBank's outlook can be revised to stable

KUALA LUMPUR: An upgrade of Ambank (M) Bhd’s ratings is unlikely but the outlook could be revised to stable if the bank’s capital recovers to the pre-1MDB settlement levels, or there is a sustained improvement in the bank’s asset quality and profitability, over the next 12 to 18 months.

On March 12, 2021, Moody’s affirmed AmBank A3 long-term foreign currency deposit rating but changed the outlook to negative from stable, following AMMB Holdings Bhd's RM2.83 billion settlement with the government (A3 stable) on Feb 26, 2021.