RAM Ratings withdraws rating of Sabah Development Bank’s RM1.0 bil MTN Programme (2012/2032) following early termination

Published on 03 Oct 2022.

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RAM Ratings has received confirmation that Sabah Development Bank Berhad terminated its RM1 billion Medium-Term Notes (MTN) Programme (2012/2032) on 12 August 2022. As such, we have withdrawn the AA1/Stable rating of the programme and no longer have any rating obligation in respect of the facility.

We will maintain surveillance of the Bank’s following debt programmes:


Table 1: Ratings of Sabah Development Bank’s debt programmes



  1. RM3.0 bil Commercial Papers (CP) (2021/2028)/MTN Programme (2021/2046)^


  1. RM3.0 bil MTN Programme (2011/2036)


  1. RM1.0 bil MTN Programme (2008/2028)


^ The aggregate outstanding CP and MTN cannot exceed RM3.0 bil at any time.


Analytical contacts
Loh Kit Yoong
(603) 3385 2493

Wong Yin Ching, CFA
(603) 3385 2555

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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 Sabah Development Bank Berhad