Moody's may up Malaysian banks

Moody's Investors Service said it placed the long-term foreign currency credit ratings of six Malaysian banks on review for possible upgrade. The six banks are Bumiputra-Commerce Bank Berhad, HSBC Bank Malaysia Berhad, Malayan Banking Berhad, Public Bank Berhad, RHB Bank Berhad and Standard Chartered Bank Malaysia Berhad.

Moody's said this action reflects the announcement of the review for possible upgrade of Malaysia's Baa1 foreign currency sovereign ceiling.

Moody's placed on review Bumiputra's Baa1 foreign currency long-term deposit rating and Baa2 subordinated debt rating, HSBC Bank Malaysia Berhad's Baa1 foreign currency long-term deposit rating, Malayan Banking Berhad's Baa1 foreign currency long-term deposit rating and Baa1 subordinated debt rating, Public Bank Berhad's Baa1 foreign currency long-term deposit rating and Baa1 subordinated debt rating, RHB Bank Berhad's Baa1 foreign currency long-term deposit rating and Baa2 subordinated debt rating and Standard Chartered Bank Malaysia Berhad's Baa1 foreign currency long-term deposit rating.

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