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Hong Leong Bank Berhad's Credit Ratings
In April 2011, Rating Agency Malaysia Berhad has reaffirmed the Bank's long-term rating at AA1 and its short-term rating at P1, with stable outlook. The ratings indicate that in the long-term, the Bank is adjudged to offer high safety for timely payment of financial obligations while in the short-term, the Bank is adjudged to have superior capacities for timely payment of obligations. In July 2009, Moody's confirmed Hong Leong Bank Berhad's local currency long-term/short-term deposit ratings of A2/P-1, foreign currency long-term/short-term deposit ratings of A3/P-1, and foreign currency subordinated debt rating of A3, with a stable outlook. Fitch Ratings in December 2008 affirmed the Bank's Long-term Issuer Default rating (IDR) at BBB+, Short-term IDR at F2 and subordinated debt rating at BBB, with a stable outlook. In March 2009, RAM Ratings of Malaysia reaffirmed the Bank's credit rating for its long- and short-term financial institution ratings at AA2 and P1, and the long-term rating has a stable outlook. |
