RAM Ratings Withdraws Rating of Development Bank of Kazakhstan's Ringgit Sukuk

Transcription

1. IB Press Release Service Published on :​ ​IslamicBanker.com Publications: ​https://www.islamicmarkets.com/publications RAM Ratings Withdraws Rating of Development Bank of Kazakhstan's Ringgit Sukuk 10 August 2017 RAM Ratings has withdrawn the AA3/Stable rating of the Development Bank of Kazakhstan Joint-Stock Company's (DBK or the Bank) RM1.5 billion Sukuk Murabahah Programme (2012/2032), at the Bank's request. Consequently, RAM no longer has any rating obligation in respect of the said programme. DBK fully redeemed RM240 million of outstanding notes on 3 August 2017, following which the Programme has been terminated. Organisation Name: News Type: RAM Rating Services Berhad RATING ANNOUNCEMENT Source: BNM Announcements Media Contact Padthma Subbiah (603) 7628 1162 padthma@ram.com.my Disclaimer: The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security's market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations. RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings' credit opinions or other analytical processes. In all instances, RAM Ratings is
2. IB Press Release Service Published on :​ ​IslamicBanker.com Publications: ​https://www.islamicmarkets.com/publications committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications. Similarly, the disclaimers above also apply to RAM Ratings' credit-related analysis and commentaries, where relevant.