Published on 03 Apr 2020.
RAM Ratings has received confirmation that CIMB Group Holdings Berhad had fully redeemed the outstanding note under its RM3.0 bil Subordinated Notes Programme (2009/2074) on the first optional redemption date of 3 April 2020 and cancelled the facility. As such, we have withdrawn the AA3/Stable rating of the programme and no longer have any rating obligation in respect of it.
However, we will maintain surveillance of CIMB Group’s AA1/Stable/P1 corporate credit ratings and the ratings of its following facilities:
RM6.0 bil Conventional/Islamic MTN Programme (2008/2038)
RM6.0 bil Conventional CP Programme (2015/2022)
RM10.0 bil Additional Tier-1 Capital Securities Programme (2016/-)
Lim Yu Cheng, CFA, FRM
(603) 3385 2492
(603) 3385 2577
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
Published by RAM Rating Services Berhad
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Ratings on CIMB Group Holdings Berhad