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Prospect News home > News index > List of issuers M > Headlines for Malayan Banking Bhd. (Maybank) > News item |
Fitch: Maybank outlook positive
Fitch Ratings said it has revised the outlook on Malayan Banking's long-term foreign currency rating of BBB+ to positive from stable.
In line with Fitch's ratings methodology, this follows the agency's recent revision of the outlook on the Malaysian sovereign's long-term foreign currency rating of BBB+ to positive from stable. The outlook on Maybank's long-term local currency A- rating and BBB+ rating for subordinated notes due 2012 remains stable. The banks' other ratings are individual B/C and support 2.
Maybank is Malaysia's largest bank with 21% of systemwide assets and circa 60% indirectly government-owned.
Fitch said the long-term and individual ratings reflect Maybank as a historically prudent and operationally well-developed bank; its balance sheet is sound and its profitability good.
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