RAM Ratings Reaffirms CIMB Group’s Ratings Including Sukuk Facilities and Islamic Medium Term Notes Programmes

RAM Ratings (RAM) has reaffirmed the CIMB Group Holdings’ (CIMB Group) long-term corporate credit corporate ratings (CCR) at AA1/Stable/P1, as well as the long-term financial institution ratings (FIR) of its Malaysian banking subsidiaries, which includes CIMB Bank, CIMB Islamic Bank and CIMB Investment Bank, at AAA/Stable/P1.

At the same time, the ratings of CIMB’s debt/Sukuk facilities were also reaffirmed by RAM. With regard to Islamic bonds, CIMB Islamic Bank’s MYR 10.0 billion Sukuk Wakalah Programme (2017/-) was reaffirmed at AAA/Stable, whilst CIMB Group’s MYR 6.0 billion Conventional/Islamic Medium-Term Notes Programme (2008/2038) was reaffirmed at AA1/Stable.

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