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

The Star Business LogoThe Star Business1 mo ago

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

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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).

The bank's asset quality will likely remain stable as repayment assistance packages for borrowers during the pandemic expire, said Moody’s.

It added that AmBank's A3 deposit rating is already at the same level as Malaysia's A3 sovereign rating.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: 1MDB CET1 BCA AmBank /Business/Business News Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-28, 11:47:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 3 minutes read

Article Length: 387 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 17430

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 10h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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