The BCA also considers Singapore's Very Strong- Macro Profile.MSL's non-performing loan ratio of 0.8% of gross loans as of the end of 2020 was better than Singapore banking system average of 2.6% for the same date, supported by the secured nature of most of its loans and prudent underwriting. MSL operates 28 branches in Singapore, one of the largest networks for a foreign bank in the country. MSL's ratings also consider a very high probability of support from Maybank given the strategic importance of Singapore market to Maybank and its long operating history in the country.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Malayan Banking Berhad (Maybank) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service has today affirmed the A3 long-term foreign currency deposit and A3 long-term foreign currency senior unsecured debt ratings of Malayan Banking Berhad (Maybank). Moody's has also affirmed Maybank's Baseline Credit Assessment (BCA) and Adjusted BCA of a3, and the bank's long-term foreign currency subordinated debt rating of Baa2 (hyb). The affirmation of Maybank's A3 ratings and a3 BCA reflects Moody's view that the bank's financial performance will remain resilient, underpinned by its robust track record over the past decade, strong capital buffers, favorable funding and ample liquidity.