Tuesday, 14 July 2015

RAM Ratings withdraws ratings of RHB Capital’s RM150m debt notes

RAM Rating Services has withdrawn the A1/Positive/P1 ratings of RHB Capital Bhd's RM150mil debt notes.

The ratings agency said on Tuesday the withdrawal of the ratings for the commercial papers/medium term notes programme (2008/2015) was after the debt facility expired on June 17.

It said there was no outstanding amount under the programme as at the same date. As such, RAM Ratings no longer had any rating obligation in respect of the CP/MTN programme.

“However, RAM will maintain surveillance on the company’s RM1.1bil CP/MTN programme (2009/2016) rated A1/Positive/P1,” it said.

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