MARC: Danajamin’s Ratings Affirmed, Outlook Stable

The Malaysian Rating Corporation (MARC) has affirmed Danajamin Nasional (Danajamin)’s insurer financial strength (IFS) rating, as well as its counterparty credit ratings at AAA and AAA/MARC-1, respectively.

Along with this, MARC has also affirmed its ratings of Danajamin’s Senior and Subordinated Sukuk Murabahah of up to MYR 2 billion combined at AAAIS and AA+IS, respectively. The Outlook on all ratings is Stable, according to MARC.

MARC states that IFS rating affirmation is reflective of Danajamin’s position as a state-owned financial guarantee insurer, its healthy liquidity position, and strong capitalisation. MARC noted that a key determinant in pushing up Danaj...