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MARC has withdrawn its MARC-1/AA ratings on Hong Leong Financial Group’s (HLFG) RM1.8 billion Commercial Papers/Medium-Term Notes programmes. The ratings carried a positive outlook.
The ratings withdrawal is at the request of the issuer. Upon the withdrawal, MARC will no longer provide analytical coverage on HLFG.
Contacts:
Douglas De Alwis, +603-2717 2965/ douglas@marc.com.my;
Sh...
This article has been viewed 789 times.
MARC has affirmed its ratings of MARC-1/AA on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Papers and Medium-Term Notes (CP/MTN) programmes. The outlook has been revised to positive from stable.
HLFG’s credit strength is driven by its key subsidiary, Hong Leong Bank Berhad (HLB), given that the bank continued to account for a significant portion of the group’s con...
This article has been viewed 827 times.
MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. HLFG is a non-operating financial holding company where its 64.4%-owned Hong Leong Bank Bhd (HLB) continued to account for a significant portion of the group’s consolidated total assets and profitability. HLFG’s ra...
This article has been viewed 921 times.
MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. HLFG is a non-operating financial holding company whose subsidiaries are mainly involved in banking (Hong Leong Bank Bhd), insurance (under HLA Holdings Sdn Bhd) and investment banking (under Hong Leong Capital Berhad)....
This article has been viewed 1162 times.
MARC has affirmed its MARC-1/AA ratings on non-operating financial holding company Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. The affirmed ratings are underpinned by the favourable financial strength and established domestic market position of HLFG’s key subsidiary, commercial bank Hong Leong Bank ...
This article has been viewed 1309 times.
MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium Term Notes (CP/MTN) programme with a stable outlook. HLFG is the non-operating holding company of a financial services group which holds the fifth largest domestic commercial bank, a leading domestic life insurer and a mid-tier investment bank.The ratings continue to refl...
This article has been viewed 1570 times.
MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad’s (HLFG) RM1.8 billion Commercial Paper and Medium Term Notes (CP/MTN) programme with a stable outlook. The ratings are based on the improved domestic market position and core earnings capacity of commercial banking subsidiary, Hong Leong Bank Berhad (HLB), after the completion of the bank’s merger with EON Ba...
This article has been viewed 1441 times.
MARC has withdrawn its MARC-1/AA rating on Hong Leong Financial Group Berhad’s (HLFG) RM800 million commercial paper and medium-term notes (CP/MTN) programme with immediate effect. The rating withdrawal follows the full redemption of the issuance amounting to RM20 million on November 11, 2011 and concurrently the termination of the programme on January 14, 2012 as confirmed by the facility a...
This article has been viewed 1252 times.
MARC has assigned its MARC-1/AA ratings to Hong Leong Financial Group Berhad’s (HLFG) proposed Commercial Paper and Medium Term Notes programmes with a combined limit of RM1.8 billion. At the same time, MARC has also affirmed the ratings on HLFG’s RM800 million Commercial Paper and Medium Term Notes Programme (CP/MTN) at MARC-1/AA. The rating outlook for the long-term rating is stable....
This article has been viewed 1252 times.
MARC has upgraded the ratings on Hong Leong Financial Group Berhad’s (HLFG) RM800 million Commercial Paper and Medium Term Notes Programme (CP/MTN) to AA/MARC-1 from AA-/MARC-1. The rating upgrade incorporates the demonstrated ability of its main banking subsidiary, Hong Leong Bank Berhad (HLB), to generate solid earnings through the recent challenging period, the sound financial and operati...
This article has been viewed 1542 times.