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It affirmed the ratings on the following Thai subsidiaries of foreign financial institutions: - United Overseas Bank (Thai) Public Company Limited (UOBT), - CIMB Thai Bank Public Company Limited (CIMBT), and - Maybank Kim Eng Securities (Thailand) Public Company Limited (MBKET).
CIMB Group has announced that it will sell a 50% stake in CIMB Securities International Pte Ltd.
Fitch will also assess the level of institutional support that CIMBS may receive from its new shareholder CGIH.
Fitch expects to resolve the RWN on CIMBS within the next six months once the agency gets clarity on the level of institutional support for CIMBS.
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- Cimbalom World Association
- Cimbrian language
- Ciment au Laitier et aux Cendres