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Prospect News home > News index > List of issuers M > Headlines for Malayan Banking Bhd. (Maybank) > News item |
S&P rates Malayan Banking notes BBB+
Standard & Poor's said it assigned a BBB+ long-term issue rating to lower tier-2 subordinated notes under the $5 billion multi-currency medium-term notes program of Malayan Banking Bhd.
The one-notch difference between the issue rating and its A- issuer credit rating reflects the subordinated, but interest-non-deferral nature of the notes, S&P said.
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