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% equity stake in the bank”.
Affin Bank Bhd
president and group chief executive officer Datuk Wan Razly Abdullah said the rating was “a recognition of our sound fundamentals and validates the strength of our Axelerate 2028 Plan”.
“As we continue to grow our footprint and expand financial inclusion across Malaysia, this rating affirms the market’s confidence in Affin,” he added.
Wan Razly said the strong rating enhances the bank’s position on the global stage, particularly among international investors in areas such as trade finance, correspondent banking, and US dollar capital markets. — Bernama
