Moody's: Stable outlook for Malaysian banks

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KUALA LUMPUR (Feb 4): Malaysian banks are well-positioned for the challenges in 2015, said Moody's Investors Service.

According to Moody’s vice president Eugene Tarzimanov, Malaysian banks are in a stable condition despite some global market volatility.

"Banks in Malaysia have very strong ratings. Malaysian banks are among the top five highest rated banking systems in the Asia Pacific including Japan," he told reporters in a briefing today.

According to the stress tests done by Moody's, Malaysian banks "are pretty strong with lots of buffer, robust capital level and robust profitability."

Eugene also said he did not think 1Malaysia Development Bhd (1MDB) would pose systemic risks to the country’s financial system.