Published on 22 Sep 2020.
RAM Ratings has received confirmation that Hong Leong Financial Group Berhad (HLFG) had fully redeemed its RM1.8 billion Commercial Papers/Medium-Term Notes Programme (2011/2031) and subsequently cancelled the facility on 17 September 2020. Consequently, we have withdrawn the AA1/Stable/P1 ratings of the programme and no longer have any rating obligation in respect of the facility.
We will, however, maintain surveillance of HLFG’s AA1/Stable/P1 corporate credit ratings as well as the ratings of the debt programmes listed in the table below.
RM25 bil Multi-Currency Senior Notes, Tier-2 Subordinated Notes, and Additional Tier-1 Capital Securities Programme (2017/2117)*
RM3 bil Commercial Papers Programme (2017/2025)*
*Combined limit of RM25.0 bil
Goh Kwan Kheen, Timothy
(603) 3385 2496
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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.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
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Ratings on Hong Leong Financial Group Berhad