KUALA LUMPUR, May 5 (Bernama) -- Moody's Investors Service has released the rating results for banks in Malaysia based on its joint-default analysis and updated bank financial strength rating (BFSR) methodologies.

In a statement here, Moody's said the BSFR of CIMB Bank Bhd was upgraded to D+ with a stable outlook from D- with a positive outlook.
It added that the bank's foreign currency deposit ratings were unchanged at A3/P-1 while the foreign currency debt rating for subordinated obligations was unchanged at Baa1.

KUALA LUMPUR, May 5 (Bernama) -- Moody's Investors Service has released the rating results for banks in Malaysia based on its joint-default analysis and updated bank financial strength rating (BFSR) methodologies.

In a statement here, Moody's said the BSFR of CIMB Bank Bhd was upgraded to D+ with a stable outlook from D- with a positive outlook.

It added that the bank's foreign currency deposit ratings were unchanged at A3/P-1 while the foreign currency debt rating for subordinated obligations was unchanged at Baa1.

The BFSR for Hong Leong Bank Bhd was upgraded to C- from D+ and its global local currency deposit ratings assigned were A2/P-1, Moody's said.

The bank's foreign currency deposit ratings were upgraded to A3/P-1 from Baa1/P-2 and its foreign currency debt rating for subordinated obligations was upgraded to A3 from Baa2, the rating agency said.

For HSBC Bank Malaysia Bhd, its global local currency deposit ratings assigned were Aa3/P-1, Moody's said, adding that the bank's BFSR was unchanged at B and its foreign currency deposit ratings were unchanged at A3/P-1.

Malayan Banking Bhd (Maybank)'s global local currency deposit ratings assigned were A1/P-1, Moody's said.

The bank's foreign currency debt rating for subordinated obligations (including the subordinated sukuk certificates issued by MBB Sukuk Inc) was upgraded to A3 from Baa1 and was constrained by the country ceiling, it said.

Maybank's BFSR was unchanged at C and the foreign currency deposit ratings were unchanged at A3/P-1, it added.

For Public Bank Bhd, its global local currency deposit ratings assigned were A1/P-1, Moody's said.

The bank's foreign currency debt rating for subordinated obligations was upgraded to A3 from Baa1 and was constrained by the country ceiling, it said.

Moody's said that Public Bank's foreign currency rating for preferred stock was upgraded to A3 from Baa2 while the BFSR was unchanged at C.

The bank's foreign currency deposit ratings were unchanged at A3/P-1, it added.

Standard Chartered Bank Malaysia Bhd's BFSR was upgraded to C- from D+ and the foreign currency deposit ratings were unchanged at A3/P-1, Moody's said.

The bank's foreign currency deposit ratings were unchanged at A3/P-1, it said.

Moody's also affirmed the ratings of AmBank (M) Bhd at D-/Baa2/P-3, CIMB Investment Bank Bhd at D/A3/P-1, EON Bank Bhd at D/Baa2/P-3, and RHB Bank Bhd at D/A3/P-1.

Source :  BERNAMA