Moody's affirms AmBank's ratings, changes outlook to stable

KUALA LUMPUR: Moody's Investors Service has affirmed AmBank (M) Bhd's (AmBank) A3 long-term foreign currency deposit rating and baa2 Baseline Credit Assessment (BCA).

Additionally, the agency had also revised its rating outlook on the bank to ‘stable’ from ‘negative’, reflecting the improvements in the bank's capitalisation as well as the structural changes to its loan portfolio.