Published on 03 Oct 2022.
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 As such, we have withdrawn the AA1/Stable rating of the programme and no longer have any rating obligation in respect of the facility.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
^ The aggregate outstanding CP and MTN cannot exceed RM3.0 bil at any time.
Loh Kit Yoong
(603) 3385 2493
Wong Yin Ching, CFA
(603) 3385 2555
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Ratings on Sabah Development Bank Berhad