Malaysian banks to remain resilient amid S&P's negative outlook

RHB Global Economics viewed S&P’s move likely to be in response to the government’s further request for the interest waiver on the B50 segment for three-month, beginning October 2021 after the six-month opt-in loan moratorium earlier and the automatic moratorium last year.

KUALA LUMPUR: RHB Global Economics and Market Strategy expects Malaysian banks to remain resilient amid Standard Poor's (S&P) reaffirmation of its negative outlook.

In a statement on Friday, the rating agency viewed downside systemic risks for Malaysian banks are on the rise.