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RHB Bank fully redeems notes under RM3 bil MTN Programme (2007/2027)

Published on 30 Jun 2020.

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RAM Ratings has received confirmation that RHB Bank Berhad (the Group) had fully redeemed all outstanding notes under its RM3 bil MTN Programme (2007/2027) and subsequently terminated the programme on 26 June 2020. As such, we have withdrawn the respective AA2 and AA3 ratings of the senior and subordinated notes under the programme and no longer have any rating obligation in respect of the facility. The ratings had carried a stable outlook. 

However, we will maintain surveillance of RHB Bank’s AA2/Stable/P1 financial institution ratings as well as the ratings of the Group’s following debt programmes:

Table 1: RHB Bank’s ratings

Programme

Rating

  1. RM5 bil Multi-Currency Medium-Term Note Programme (2015/2045)
  • Senior Notes
  • Subordinated Notes

 

  1. RM3 bil Multi-Currency Medium-Term Note Programme (2011/2031)
  • Senior Notes
  • Subordinated Notes

 

AA2/Stable

AA3/Stable

 

AA2/Stable

AA3/Stable

 

 

Analytical contact
Loh Kit Yoong
(603) 3385 2493
kityoong@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 2020 by RAM Rating Services Berhad



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