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”.
