Malaysia's RHB Bank 'BBB' rating, stable outlook affirmed - Fitch |
|
|
|
Published
:
Mon, 02 Jul 2007 06:31
|
KUALA LUMPUR (Thomson Financial) - Fitch Ratings has affirmed RHB Bank Bhd's long-term foreign currency issuer default rating (IDR) at 'BBB' with a stable outlook, individual rating at 'C/D' and support rating at '2'.In a statement, Fitch said RHB Bank's support rating floor remains unchanged at 'BBB-' and it has also affirmed the bank's subordinated debt rating at 'BBB-'.'RHB Bank's ratings stem from its stable asset quality, improving profitability and satisfactory capitalisation. The stable outlook reflects Fitch's expectations for RHB Bank's asset quality to remain healthy, supported by the benign economic environment,' said Fitch.RHB Bank is the fourth largest lender in Malaysia by asset and its parent RHB Capital is in the process of being taken over by the country's pension fund, the Employees Provident Fund.aipeng.soo@thomson.comas/jgCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Malaysia's EON Bank 'BBB-' rating, stable outlook affirmed - Fitch 