Moody’s downgrades Mexim stand-alone

Moody's Investors Service said it affirmed the A3 foreign currency senior unsecured debt and issuer ratings of Export-Import Bank of Malaysia Bhd. (Mexim) and the bank's provisional A3 senior unsecured medium-term note program rating.

At the same time, the agency downgraded the bank's stand-alone credit profile to b1 from ba3.

The outlook remains stable.

Moody’s said it downgraded the stand-alone credit profile to b1 from ba3 to reflect the weaknesses in some of the bank's solvency metrics and risk positioning,

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