Moody's may still lift EON

Moody's Investors Service said it is continuing its review for possible upgrade the Baa2/prime-3 foreign-currency long-term/short-term deposit ratings of EON Bank Bhd., which maps to a Ba2 baseline credit assessment.

The review was initiated in April following EON Capital's decision to call an extraordinary general meeting to seek shareholder approval of the proposed acquisition of its assets and liabilities by Hong Leong Bank, Moody's said.

The extension of the review is due to the delayed consummation of the proposed deal, the agency said.

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