Public Bank to maintain strong capitalisation

PETALING JAYA: S&P Global Ratings has affirmed its A- long-term and A-2 short-term issuer credit ratings on Public Bank Bhd while its outlook for the long-term rating is “stable”.

In a recent statement, the US credit rating agency said it affirmed the rating on the Malaysian-based bank for its unique strengths that positioned it well to withstand any challenging global operating conditions.