Ratings boost for Bumiputra

Kuala Lumpur: Bumiputra-Commerce Bank's rating has been raised by Moody's Investors Service, as the lender is in a strong financial position because of support from Malaysian government agencies. Moody's upgraded the financial strength of Malaysia's second-largest bank to E-plus, its second-lowest bank financial-strength rating, from E, the lowest rating. Moody's also placed on review for possible upgrade the ratings of Malayan Banking and RHB Bank.