04 February 2016
RAM Ratings has lifted the developing Rating Watch on Malaysia Building Society Berhad (MBSB) and Bank Muamalat Malaysia Berhad. Concurrently, we have reinstated the stable outlook on their ratings. This follows the announcement on 2 February 2016 that merger discussions between the 2 entities have ceased.
Previous Rating(s) | Current Rating(s) | |
MBSB | ||
Financial Institution Ratings | A2/-/P1/RW_Developing | A2/Stable/P1 |
RM495 million Tranche 1 Structured Covered Sukuk Commodity Murabahah (2013/2021) | AA1/-/RW_Developing | AA1/Stable |
RM700 million Tranche 2 Structured Covered Sukuk Commodity Murabahah (2014/2024) | AA1/-/RW_Developing | AA1/Stable |
RM900 million Tranche 3 Structured Covered Sukuk Commodity Murabahah (2015/2025) | AA1/-/RW_Developing | AA1/Stable |
RM900 million Tranche 4 Structured Covered Sukuk Commodity Murabahah (2015/2028) | AA1/-/RW_Developing | AA1/Stable |
Bank Muamalat | ||
Financial Institution Ratings | A2/-/P1/RW_Developing | A2/Stable/P1 |
RM400 million Islamic Subordinated Sukuk Programme (2011/2026) | A3/-/RW_Developing | A3/Stable |
-Ends-
Media contact
Choong Andrea
(603) 7628 1115
andrea@ram.com.my
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security's market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.
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