Moody’s Ratings said an upgrade for CIMB IB and CIMB Bank was unlikely because they are already at the same level as Malaysia’s sovereign rating.
PETALING JAYA: Moody’s Ratings has maintained a stable outlook on CIMB Group Holdings Bhd
(CIMB Group), CIMB Bank Bhd (CIMB Bank), CIMB Islamic Bank Bhd (CIMB Islamic) and CIMB Investment Bank Bhd (CIMB IB).
In a report, the credit rating agency said it affirmed CIMB Group’s Baa1 issuer ratings, thus reflecting its strong market position as the second-largest banking group in Malaysia by assets, and its successful de-risking initiatives in recent years.
