Following the placing of RHB Bank Berhad on Rating Watch on 14 July 2014, RAM Ratings has also put the AA2(bg) rating of Mecuro Properties Sdn Bhd’s RHB Bank-guaranteed Class D1 bonds (part of its RM900 million Nominal Value Bonds) on Rating Watch, with a developing outlook.

Published on 17 July 2014

Following the placing of RHB Bank Berhad on Rating Watch on 14 July 2014, RAM Ratings has also put the AA2(bg) rating of Mecuro Properties Sdn Bhd’s RHB Bank-guaranteed Class D1 bonds (part of its RM900 million Nominal Value Bonds) on Rating Watch, with a developing outlook. For further details, please refer to our media release, RAM Ratings places CIMB, RHB and MBSB on Rating Watch, with developing outlook, published on 14 July 2014.
RAM’s Rating Watch highlights a possible change in an issuer's ratings. It focuses on identifiable events such as mergers, acquisitions, regulatory changes and operational developments that place a rated debt under special surveillance by RAM. In a broader sense, it covers any event that may result in changes in the risk factors relating to the repayment of principal and interest.
Issues will appear on RAM's Rating Watch when some of the above events are expected to or have occurred. Appearance on RAM's Rating Watch, however, does not inevitably mean that the rating will be changed. It only means that a rating is under evaluation by RAM and a final rating decision will be announced in due course. A "positive" outlook indicates that a rating may be raised while a "negative" outlook indicates that a rating may be lowered. A “developing” outlook refers to those unusual situations in which future events are so unclear that the rating may potentially be raised or lowered.

Media contact
Yong Keck Phin
(603) 7628 1183
keckphin@ram.com.my