Fitch Ratings has affirmed the rating of Maybank's Long-Term Issuer Default Ratings (IDRs) at 'A-' with a Negative Outlook. A new rating for Maybank was issued: Short-Term Foreign Currency IDR assigned at 'F2'.
The announcement was issued as a press release which also included the ratings of Hong Leong Bank Berhad. The full press release can be downloaded below.
The rating actions for Maybank are as follows:
- Long-Term Foreign Currency IDR affirmed at 'A'; Outlook Negative
- Short-Term Foreign Currency IDR assigned at 'F2'
- Long-Term Local Currency IDR affirmed at 'A'; Outlook Negative
- Viability Rating affirmed at 'a'
- Support Rating affirmed at '2'
- Support Rating Floor affirmed at 'BBB'
- Senior notes affirmed at 'A'
- Basel II compliant subordinated notes affirmed at 'BBB+'
- Basel II compliant hybrid Tier 1 securities affirmed at 'BB+'
Information on Maybank's credit ratings is available here.
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