Fitch rates Maybank notes A-

Fitch Ratings said it assigned a rating of A- to Malayan Banking Bhd.'s (Maybank) HK$220 million 2.09% senior fixed-rate notes due June 2019.

The notes were issued under the bank's $15 billion multi-currency medium-term note program.

The notes are rated at the same level as Maybank's A- long-term issuer default rating as they constitute direct, unconditional, unsubordinated and unsecured obligations of Maybank and rank equally with all its other unsecured and unsubordinated obligations, Fitch said.

The ratings are sensitive to changes in Maybank's long-term issuer default rating, which is currently on negative outlook.

The bank has a long-term foreign-currency issuer default rating of A-, short-term issuer default rating of F2, long-term local-currency issuer default rating of A- and viability rating of A-, Fitch said.

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