S&P revises outlooks on 5 Malaysian banks to “stable” from “negative”

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FOLLOWING its sovereign rating outlook revision on Malaysia to "stable” from "negative”, S&P Global Ratings has similarly revised the economic risk trend for the Malaysian banking sector to "stable” from "negative” to reflect stabilisation of operating conditions.

S&P expects the controlled increase in NPLs to be manageable given that banks have made significant pre-emptive provisioning over past two years.

Such customers account for about 75% of loans in the commercial banking system.

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Author / Journalist: Cheah Chor Sooi

Category: InvestingMarkets

Topics: Top Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 00:00:38

News Timezone: GMT +8:00

News Source URL: focusmalaysia.my

Language: English

Reading Time: 3 minutes read

Article Length: 503 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 19365

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About Focus Malaysia

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