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Danajamin fully redeems RM2 bil Sukuk Programme
Published on 14 Oct 2022.
RAM Ratings has withdrawn the AAA/Stable and AA1/Stable ratings of Danajamin Nasional Berhad’s (the Company) RM2.0 bil Senior and Subordinated Sukuk Murabahah Programme (2017/-) after all outstanding amounts were fully redeemed on 6 October 2022. The said programme has been cancelled. Accordingly, we no longer have any rating obligation in respect of the facility.
We will, however, maintain surveillance of the Company’s Insurer Financial Strength Ratings, which were last reaffirmed at AAA/Stable/P1.
Analytical contacts
Chan Yin Huei
(603) 3385 2298
yinhuei@ram.com.my
Wong Yin Ching, CFA
(603) 3385 2555
yinching@ram.com.my
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