Banking industry risk trend remains stable: S&P's

KUALA LUMPUR: Standard & Poor's Ratings Services has revised the industry risk trend for the Malaysia's banking sector from negative to stable. It also revised its rating outlooks on three Malaysian financial institutions AmBank (M) Bhd., RHB Bank Bhd., and RHB Investment Bank Bhd, to stable from negative. It viewed moderating economic risk for banks operating in Malaysia, following a prolonged run-up in housing prices and household debt in the country.