Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AmMerchant Bank Bhd. > News item |
S&P ups AmMerchant Bank
Standard & Poor's said it raised its long-term counterparty credit rating on Malaysia's AmMerchant Bank Bhd to BB+ from BB.
The outlook is stable.
S&P said the short-term counterparty credit rating on AmMerchant was affirmed at B.
At the same time, S&P said it assigned its C bank fundamental strength rating to the bank.
The rating upgrade reflects the merchant bank's strong headway in its transition to an investment banking model and its strengthened domestic franchise, S&P noted.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.