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Moody's rates EON Bank senior notes
Moody's Investors Service said it has assigned a Baa3 rating to EON Bank Berhad's proposed issuance of $150 million callable 10-year subordinated notes.
The outlook is stable.
Moody's said the rating reflects the notes' subordinated status, EON Bank's moderate debt servicing capability - characteristic of institutions with bank financial strength ratings of D - and the rating agency's expectations that the bank would receive regulatory support, if needed.
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