• PRESS RELEASES

RAM Ratings withdraws Hong Leong Bank’s issue rating following full redemption

Published on 21 Oct 2019.

Share Tweet Email

RAM Ratings no longer has any rating obligation in respect of Hong Leong Bank Berhad’s RM1.0 billion Innovative Tier-1 Capital Securities Programme (2009/2069), following the cancellation of the facility. We have accordingly withdrawn the AA2/Stable rating of the programme. However, we will maintain surveillance of the Bank’s AAA/Stable/P1 financial institution ratings and the ratings of its following debt issues:

Instrument

Long-term rating

Rating outlook

RM10.0 billion Multi-currency Subordinated Notes Programme (2014/2044)

AA1

Stable

RM10.0 billion Multi-currency Additional Tier-1 Capital Securities Programme (2017/2117)

A1

Stable

 

Analytical contact
Chew Wei Li 
(603) 3385 2499
weili@ram.com.my

Media contact
Padthma Subbiah
(603) 3385 2577
padthma@ram.com.my

 

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 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 analyses and commentaries, where relevant.

Published by RAM Rating Services Berhad
© Copyright 2019 by RAM Rating Services Berhad



Ratings on Hong Leong Bank Berhad

Loading...