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RAM Rating Services Bhd (RAM Ratings) on Thursday revised the outlook for Genting Bhd and Genting Malaysia Bhd (GenM) from negative to stable, and reaffirmed their AA1 ratings. The revision is premised on the expectation that the group remains on track to meet its rating thresholds in the financial year ended Dec 30, 2023 (FY23), supported by better than expected recovery traction and balance sheet and liquidity positions in FY21.

PETALING JAYA: The banking sector is expected to hold up despite an expected uptick in non-performing loans (NPLs) and slower loan growth this year, as rising inflationary pressures and headwinds mount.

Prices of commodities and production inputs rising

But corporate debt issuances are likely to dip slightly

Gross impaired loans ratio on uptrend, say analysts