Moody’s assigns ratings to Maybank’s US$2b MMTN plan

KUALA LUMPUR: Moody's Investors Service has assigned a (P)A3 foreign-currency senior unsecured debt rating to Malayan Banking Bhd's (Maybank, A3 stable) US$2bil (RM8.40bil) multicurrency medium-term note (MMTN) programme.

The rating agency said on Friday the rating was assigned in the context of Maybank's planned issuance of long-term foreign currency debt of up to a maximum of US$2bil through the programme.