KUALA LUMPUR (Dec 18): Moody's Investors Service has today affirmed HSBC Bank Malaysia Bhd's long-term local currency deposit rating of A1 and has revised the outlook on this rating to negative from stable.

In a statement, Moody's said the change in outlook on HSBC Malaysia's long-term local currency deposit rating follows the rating action taken on the bank's parent, The Hongkong and Shanghai Banking Corp Ltd (HSBC HK, Aa2 negative, a1), on Dec 17.