Arab-Malaysian Merchant Bank Rtgs Still on S&PWatch.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 9/17/98-- Standard & Poor's double-'B' long-term and single-'B' short-term counterparty Counterparty The other participant, including intermediaries, in a swap or contract. credit ratings on Arab-Malaysian Merchant Bank Berhad (AMMB)remain on CreditWatch with negative implications, where they were placed July 21, 1998. This action follows the announcement that Fortis Group, a Dutch-Belgian insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group, is no longer planning to take a significant stake in AMMB Holdings Berhad, which owns 100% of AMMB. Unless the parent can find additional sources of capital to support the subsidiary, this could have a negative impact on the company's rating. Standard & Poor's is studying the feasibility of AMMB's contingency contingency n. an event that might not occur. recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. plan. In addition, Standard & Poor's is assessing the nonperforming loans trend for the merchant bank. Standard & Poor's will resolve the bank's current CreditWatch status by the end of September 1998.---CreditWire |
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