Moody's revises M'sian banks outlook to stable from negative

Moody's Investors Service has revised Malaysia's banking system outlook to stable from negative to reflect an improving operating environment.

It expects banks' prudent underwriting, together with strong capital and liquidity, will shield banks from any incremental financial stress caused by the Covid-19 pandemic.

In a research note today, Moody’s said operating conditions will improve as Malaysia's real gross domestic product will expand 6.2 percent this year...