Published on 01 April 2015
RAM Ratings has withdrawn the rating of
United Overseas Bank (Malaysia) Bhd’s (UOBM or the Bank) RM500 million
Subordinated Bonds (2010/2020), following the full redemption of the
said debt facility on 30 March 2015. As such, RAM no longer has any
rating obligation on the Subordinated Bonds, and the AA1/Stable rating
is no longer applicable. However, RAM will maintain surveillance on
UOBM’s AAA/Stable/P1 financial institution ratings.
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