09  September 2015  - 18:21
Fitch Affirms Maybank at 'A-'

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.