RAM Assigns AA2 Rating to RHB Bank’s Proposed MYR 10 Billion Islamic MTN Programme

RAM Ratings (RAM) has assigned an AA2 rating to RHB Bank’s (the Group’s) proposed MYR 10 billion Multi-Currency Islamic Medium-Term Note (MTN) Programme with a Stable Outlook, according to a recent statement. The rating reflects the Islamic MTN’s ranking as a senior unsecured obligation of RHB Bank.

In addition, RAM has reaffirmed the entity and debt ratings of RHB Bank and its core subsidiaries, with all ratings maintaining a Stable Outlook. The Financial Institution Ratings (FIR) of RHB Bank, RHB Islamic Bank and RHB Investment Bank were reaffirmed at AA2/Stable/P1, while RHB Islamic Bank’s MYR 5 billion Subordinated Sukuk Murabahah Programme (2014/2034) was reaffirmed at AA3/Stable, among othe...