• PRESS RELEASES

RAM Ratings updates financial measures and disclosure formats for financial institutions and hire-purchase as well as leasing companies

Published on 14 Sep 2020.

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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.

 

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 2020 by RAM Rating Services Berhad



Publication Date Published Category
Updates on the Financial Measures and Disclosure Formats of Financial Institutions 14-Sep-2020 Criteria & Methodology View PDF

Updates on the Financial Measures and Disclosure Formats of Hire-Purchase and Leasing Companies 14-Sep-2020 Criteria & Methodology View PDF

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