Moody's: No change for RHB Bank

Moody's Investors Service said it said that RHB Bank Bhd's A3/prime-1 foreign-currency deposit ratings will not be affected by the proposed acquisition of Indonesia's PT Bank Mestika Dharma by RHB Capital Bhd.

The outlook is stable.

The financing of the transaction with equity and Bank Mestika's modest size, relative to the consolidated group's assets, should not directly impact RHB Bank's credit fundamentals or ratings, Moody's said.

Moody's said it will continue to monitor developments that affect the bank's risk and financial profiles.

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