OREANDA-NEWS. Fitch Ratings has assigned an expected rating of 'A-(EXP)' to Export Import Bank of Malaysia Berhad's (MEXIM) proposed US dollar-denominated senior notes, which will be issued under its USD3bn multi-currency medium-term note programme. The final rating is subject to the receipt of final documentation conforming to information already received.

KEY RATING DRIVERS

The notes are rated at the same level as MEXIM's Long-Term Foreign-Currency Issuer Default Rating (IDR). This is because the notes will constitute direct and unsecured obligations of the bank, and hence rank equally with all its other unsecured and unsubordinated obligations.

RATING SENSITIVITIES

Any change in MEXIM's IDR will have a corresponding effect on the rating on the notes.