KUALA LUMPUR : Moody’s Investors Service has doled out an A3 long haul remote money senior unsecured obligation rating to Malayan Banking Bhd’s HK$378mil (RM204.5mil) senior notes.
The rating house said on Thursday, the notes issued under the bank’s US$15.0bil (RM62.9bil) multicurrency medium term note (MTN) program, have an altered rate coupon of 2.05% for every annum. The notes will develop on Oct 12, 2021.
“The point of view toward the A3 obligation rating is steady, in accordance with the steady attitude toward Maybank’s A3 store appraisals and Malaysia’s A3 sovereign evaluations,” it said.
It said the A3 rating allocated to the HK$ notes is in accordance with Maybank’s A3 outside cash store rating.
The HK$ notes constitute an unqualified, unsubordinated and unsecured commitment of Maybank, and rank pari-passu with Maybank’s other senior unsecured commitments.
The rating house noticed that an overhaul of the Malaysia A3 sovereign rating would likely prompt an update of Maybank’s A3 outside money store and senior obligation appraisals, expecting the bank’s standalone credit measurements stay strong.
Notwithstanding, it said Maybank’s long haul FICO scores could be brought down if there should be an occurrence of a huge debilitating of the bank’s standalone credit profile, bringing about a multi-indent downsize of the bank’s benchmark credit appraisal.