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Moody’s rates Maybank bonds A3
Moody’s Investors Service said it assigned an A3 long-term foreign-currency senior unsecured debt rating to Malayan Banking Bhd.’s (Maybank) upcoming Samurai bonds.
The exact amount, tenor and coupon of the bonds are yet to be determined by the issuer.
The outlook is positive.
The A3 rating assigned to Maybank’s senior unsecured Samurai bonds is in line with Maybank’s A3 foreign-currency deposit rating, Moody’s said.
The Samurai bonds will constitute an unconditional, unsubordinated and unsecured obligation of Maybank, the agency said, and will rank pari passu with Maybank’s other senior unsecured obligations.
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