The issuer rating is based on TRIS Rating’s assessment of RHB’s business position, capital and earnings, risk position, funding and liquidity position in comparison with its peers within the Malaysian banking industry.

The rating takes into consideration RHB’s relatively stable business profile supported by diversified earnings, a strong capital position, and improved funding profile.

These strengths are, however, constrained by modest profitability and below-industry average impaired loan coverage, as well as high reliance on wholesale funding due to its moderate deposit franchise, relative to its peers.

As RHB’s main business operation is in Malaysia, the rating also takes into consideration the strengths and risk profile of Malaysia’s economy and banking industry.