Fitch: Proposed CIMB/RHB Merger to be Credit Neutral for CIMB CIMD.KL MBSS.KL RHBC.KL

(The following statement was released by the rating agency)SINGAPORE, October 14 (Fitch) The 9 October announcement of the in-principal agreed terms of a proposed merger between Malaysian banks CIMB Group, RHB Capital, and Malaysia Building Society (MBSB) provide some additional clarity as to how they will address some of the challenges associated with the tie-up. The merger will not necessarily l