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KUALA LUMPUR: CIMB Group Holdings Bhd will phase phase out coal from its portfolio by 2040 under its first Coal Sector Guide issued on Tuesday, starting next year and it would be across the group in all its operating markets.
Extension of moratorium for B40 group seen positive
LONDON: Bond buyers and sellers are warning that a recent proliferation of fintech platforms seeking to modernise debt sales around the world risks backfiring, making it more difficult to price deals.
KUALA LUMPUR: Japan Credit Rating Agency, Ltd (JCR) has affirmed its A ratings on Malayan Banking Bhd with a stable outlook to reflect its strong business base in Malaysia, diversification of its revenue sources, high earnings capacity.
KUALA LUMPUR: RAM Ratings expects the banking industry’s provision for allowance for impairments to remain elevated in the coming quarters as they continue to adopt a prudent stance.
MANILA: The Philippines is jumping back into strong credit markets with what would be its second dollar bond this year, as it raises funds to counter the economic impact of the pandemic.
KUALA LUMPUR: Malaysian banks are demonstrating resilient credit portfolios as they transition out of the blanket six-month moratorium in the country, S&P Global Ratings said.