RAM Ratings revises outlook on Tranche 2 of Dijaya’s CP/MTN, from stable to positive; ratings unchanged

Published on 08 March 2013

RAM Ratings has revised the rating outlook on Tranche 2 of Dijaya Corporation Berhad’s (“Dijaya”) Commercial Papers/Medium-Term Notes Programme (“CP/MTN”) of up to RM500.0 million (2012/2019), from stable to positive. This follows RAM’s recent revision of the rating outlook on AmBank (M) Berhad (“AmBank”), the guarantor of Tranche 2. The long- and short-term ratings of Tranche 1 and Tranche 2 of the CP/MTN remain unchanged. Tranche 1 of the said facility continues to carry a stable outlook.

Instrument	Long-term rating	Short-term rating	Rating outlook
The CP/MTN comprises:
i)   Tranche 1 – Up to RM300.0 million guaranteed by RHB Bank Berhad	AA2(bg)	P1(bg)	Stable
ii)  Tranche 2 – Up to RM200.0 million guaranteed by AmBank (M) Berhad	AA3(bg)	P1(bg)	Positive

To recap, the enhanced ratings of Tranches 1 and 2 reflect the unconditional and irrevocable guarantees extended by RHB Bank Berhad and AmBank, respectively.

Media contact
Karin Koh
(603) 7628 1174
karin@ram.com.my