Fitch affirms Hong Leong Bank

Fitch Ratings said it affirmed the long-term issuer default rating of Hong Leong Bank Bhd. at A- with a stable outlook.

“HLBB's issuer default ratings and viability rating are anchored by its conservative risk appetite and granular, retail-centric loan book, which drive its stable asset quality and earning performance through business cycles,” the agency said in a news release.

“This is reflected in its low impaired-loan ratio of 0.8% at end-March 2019, compared with the sector average of 1.5%.”

© 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.