Thursday, February 4, 2016

RAM Ratings lifts developing Rating Watch on MBSB and Bank Muamalat, reinstates stable outlook

Published on 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
Media contact
Choong Andrea
(603) 7628 1115
andrea@ram.com.my

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