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AmBank (M) Bhd. Dec 11
Standard & Poors, December 2011
Established retail position in Malaysia, especially hire purchase and mortgage lending Improved earnings and asset quality due to strategic partnership with ANZ Pressure on interest margins due to steep competition in the Malaysian banking sector Share of low-cost retail funding lower (but gradually improving) than similarly rated peers' Standard & Poor's Ratings Services bases its issuer credit rating (ICR) on AmBank (M) Bhd. (AmBank) on its "adequate" business position, "adequate" capital and earnings, "adequate" risk position, "average" funding, and "adequate" liquidity, as defined in our criteria. The rating on AmInvestment Bank Bhd. (AmInvestment) reflects its core status in the group, given its high integration within the group and close linkage with the group's brand. The stand-alone credit profiles (SACP) for...
Companies mentioned in this report are: AmBank (M) Bhd.,AmInvestment Bank Bhd.,AMBB Capital (L) Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
AmBank (M) Bhd.,AmInvestment Bank Bhd.,AMBB Capital (L) Ltd.