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S&P revises Malaysian bank view to negative
S&P said it revised the outlooks on Malayan Banking Bhd. (Maybank), CIMB Bank Bhd., Public Bank Bhd., RHB Bank Bhd., and AmBank (M) Bhd. to negative from stable.
At the same time, the agency affirmed the A- long-term issuer credit ratings on Maybank, CIMB Bank and Public Bank, and the BBB+ long-term issuer credit ratings on RHB Bank and AmBank.
The revisions follow the change in outlook and affirmation of Malaysia’s ratings on Friday, S&P said.
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