Impact of Corporate Restructuring on Malaysian Banks' Problem Loans Still Muted Mar 02
- ID: 2030066
- March 2002
- Region: Malaysia
- Standard & Poors
SINGAPORE (Standard & Poor's) March 4, 2002--Standard & Poor's today said that one key element leading to the revision of the outlook on the sovereign ratings on Malaysia to positive from stable--corporate restructuring, which has reduced the drag of nonproductive companies on the economy--remains muted in respect of Malaysia's banking sector's problem loans. The banking industry's nonperforming loans (NPL), defined as those past due by 90 days, have remained at about 18% of gross loans throughout the fourth quarter of 2001. Although some leading banks, such as Malayan Banking Berhad (BBB-/Stable/A-3), are reporting improved recoveries on NPLs, others are seeing their NPL ratios edge up. Standard & Poor's will reassess its ratings and outlooks on Malaysian banks once it is...
Companies mentioned in this report are:
- Malayan Banking Bhd.
Action: S&P Event
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Research type: News
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