Moody's affirms RHB Bank

Moody's Investors Service said it affirmed the following ratings of RHB Bank Bhd.

• D bank financial strength rating, which maps to a Ba2 baseline credit assessment with a positive outlook;

• A3/P-1 foreign currency long-term/short-term deposit rating with a stable outlook; and

• Provisional A3/provisional P-1 foreign currency senior unsecured EMTN program rating with a stable outlook.

Moody's said the positive outlook on RHB's bank financial strength rating reflects its expectation that RHB's credit profile will continue to improve in the medium term. At the same time, it takes into consideration the challenges RHB faces in further improving its deposit mix, net interest margins and asset quality significantly in the competitive domestic bank environment as well as in the context of the renewed volatility in the global economy, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.