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RAM Ratings Withdraws AmBank Islamic's Issue Rating
Last update: 05/01/2018

KUALA LUMPUR, Jan 5 (Bernama) -- RAM Ratings recently received confirmation that AmBank Islamic Bhd had fully redeemed and cancelled its RM2 billion Subordinated Sukuk Musyarakah Programme (2011/2026).

"As such, we have withdrawn the AA3/Stable rating and no longer have any rating obligation in respect of the facility," said the rating firm in a statement here today.

However, RAM would maintain surveillance on the Bank's AA 2 /Stable/P1 financial institution ratings and the RM3 billion Senior Sukuk Musyarakah Programme (2010/2040) (AA2/Stable) and RM3 billion Subordinated Sukuk Murabahah Programme (2014/2044) (AA3/Stable).

-- BERNAMA