On March 12, 2021, Moody’s affirmed AmBank A3 long-term foreign currency deposit rating but changed the outlook to negative from stable, following"The negative outlook reflects uncertainty over AmBank's ability to restore its capitalisation to pre-settlement levels over the next 12 to 18 months. AmBank will absorb the bulk of the large settlement at a time when it is facing a slowdown in its internal capital generation due to rising credit costs,” it said in a statement.
The affirmation of AmBank’s A3 rating incorporates our assessment of a very high probability of government support in times of need.
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