Fitch affirms Hong Leong Bank

Fitch Ratings said it affirmed Hong Leong Bank Bhd.'s long-term issuer default rating at BBB+, short-term issuer default rating at F2 and subordinated debt rating at BBB.

The outlook is stable.

The ratings reflect its robust financial position, particularly its strong capital position and low and well-reserved NPLs, which should help to buffer the bank against the more challenging operating conditions ahead, Fitch said.

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