Affin gets A3 rating with stable outlook from Moody's


Affin Bank Bhd president and group chief executive officer Datuk Wan Razly Abdullah

KUALA LUMPUR: Affin Group has received its first international credit rating of A3 with a stable outlook from Moody’s Ratings.

The banking group said in a statement that the rating "marks a significant milestone in the group’s 50-year history, reflecting its solid financial foundation, prudent asset quality, resilient capital position, and strong institutional ties with the Sarawak state government, which holds a 31.25 per cent equity stake in the bank.”

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