RAM: HSBC Amanah Malaysia’s Ratings Reaffirmed at AAA/Stable/P1

https://islamicmarkets.com/articles/ram-hsbc-amanah-malaysia-s-ratings-reaffirmed-at-aaa-stable-p1
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HSBC Amanah Malaysia (HSBC Amanah) has had its ratings reaffirmed by RAM Ratings (RAM) at AAA/Stable/P1. In addition, RAM has also reaffirmed the AAA/Stable rating on HSBC Amanah’s MYR 3 billion multicurrency Sukuk issuance (2012/2032).

The ratings reaffirmation is based on HSBC Amanah’s strategic position as the Islamic Banking arm of HSBC Bank Malaysia (which is rated AAA/Stable/P1), and also HSBC Amanah’s role as one of HSBC Holdings’ two global Islamic banking hubs.

RAM also stated that HSBC Amanah is operationally integrated with HSBC Malaysia and also leverages on the global franchise, international network and expertise of the HSBC Group.