Fitch affirms AmBank, AmInvestment

Fitch Ratings said it affirmed AmBank (M) Bhd. and AmInvestment Bank Bhd.'s long-term foreign-currency issuer default ratings at BBB.

The outlook is stable.

AmBank's ratings reflect its reasonable domestic franchise, satisfactory balance sheet, steady earnings base and manageable asset quality, the agency said.

They also incorporate expectations that the bank will continue to build a diversified loan portfolio and strengthen its capital as well as funding profile, the agency noted.

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