Moody's affirms AmBank's ratings, changes outlook to stable


KUALA LUMPUR: Moody's Investors Service has affirmed AmBank (M) Bhd's (AmBank) A3 long-term foreign currency deposit rating and baa2 Baseline Credit Assessment (BCA).

Additionally, the agency had also revised its rating outlook on the bank to ‘stable’ from ‘negative’, reflecting the improvements in the bank's capitalisation as well as the structural changes to its loan portfolio.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Moody’s , AmBank , BCA , 1MDB , CET1

   

Next In Business News

Know your rights as a tenant
Judging a mall by its toilets
Signs that you should not sell your home right now
Ringgit likely to continue uptrend next week, trading at 4.28-4.29 against US dollar
China-Malaysia bilateral trade surges to US$117.52bil in first 7 months of 2024
Making history or repeating it?
Good time to adjust RON95 subsidy
What next after simmering summer?
Balancing risk and reward in the new PPP master plan
A ritzy Interval before take-off

Others Also Read