Affin said in a statement that the international ratings agency had highlighted its healthy asset quality, strong capitalisation, adequate funding and liquidity, as well as improving profitability.

Moody’s also noted that Affin has limited exposure to sectors vulnerable to external shocks, including ones affected by the US tariffs.

Affin Bank Bhd group CEO Wan Razly Abdullah said Moody’s recognition of the bank’s sound fundamentals validates the strength of its Axelerate 2028 (AX28) transformation plan.

“This rating affirms the market’s confidence in Affin and more importantly enhances our position on the global stage, particularly among international investors in areas such as trade finance, correspondent banking, and the US dollar,” he said.

Wan Razly added that the rating would mean better access to global opportunities and funding for the group.