Moody's affirms ratings of CIMB Group, outlook stable

The stable outlook reflects Moody's view that the credit fundamentals of the bank will remain robust over the next 12-18 months.

KUALA LUMPUR: Moody's Investors Service has affirmed all ratings and assessments of CIMB Group Holdings Bhd, and its subsidiaries CIMB Bank Bhd and CIMB Islamic Bank Bhd. The outlook on the ratings remains stable.

The rating agency said on Friday the ratings of the other rated subsidiaries in CIMB Group -- PT Bank CIMB Niaga Tbk (Baa2 stable, ba1), CIMB Thai Bank Public Company Ltd (Baa2 positive, ba2) and CIMB Investment Bank Berhad (A3 stable) -- remain unchanged and are not affected by this rating action.