Economic risk for Malaysia's banking sector revised to stable: S&P's

KUALA LUMPUR: Standard & Poor's Ratings revised its economic risk trend for Malaysia's banking sector to stable from negative, saying the industry risk trend remains stable. It also revised the outlook for AmBank, RHB Bank and RHB Investment Bank to stable from negative. "Our stable outlooks on Malaysian banks factor in our expectation that these banks will maintain their satisfactory financial profiles even as the domestic economy slows," the rating agency said.