Published on 14 Sep 2020.
RAM Ratings recently published two revised papers, Updates on the Financial Measures and Disclosure Formats of Financial Institutions and Updates on the Financial Measures and Disclosure Formats of Hire-Purchase and Leasing Companies. We do not expect these updates to affect the ratings of any RAM-rated issuers or debt instruments.
In response to the new accounting standards that have taken effect over the last two years, we have updated the disclosure formats and certain terminologies for the financial statements of financial institutions and hire-purchase as well as leasing companies. We have also refined the computations of selected financial ratios, which had previously been considered but not displayed in RAM’s financial summary sheets.
For further details, please refer to the newly published commentaries, Updates on the Financial Measures and Disclosure Formats of Financial Institutions and Updates on the Financial Measures and Disclosure Formats of Hire-Purchase and Leasing Companies, which are available at www.ram.com.my.
Chew Wei Li
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