Published on 27 Oct 2022.
RAM Rating Services Berhad (RAM Ratings) and RAM Sustainability Sdn Bhd (RAM Sustainability) have won an award each at The Asset Triple A Islamic Finance Awards 2022. RAM Ratings took home the award for Best Islamic Rating Agency (Malaysia), while RAM Sustainability bagged the Best Asean Green SRI Sukuk award [for Cenergi SEA Berhad’s RM210 million dual-tranche Asean green sustainable and responsible investment (SRI) wakalah sukuk].
“We are honoured to be acknowledged for our efforts in promoting the growth of sustainable finance in Malaysia and beyond. This recognition is an endorsement of our capabilities as a key enabler in helping businesses transition towards a more resilient future,” said Promod Dass, CEO/Executive Director of RAM Sustainability and Deputy Group CEO of RAM Holdings Berhad.
“We are proud to play a pivotal role in many first-of-its-kind Islamic structures in the capital market over the years. The Best Islamic Rating Agency award will spur us on to continue delivering progressive solutions and value-add services in the Islamic finance space, particularly as value-based intermediation gains traction among industry players,” said Awang Za'aba Awang Mahmud, CEO of RAM Ratings.
The awards ceremony was held on 27 October 2022 at the Four Seasons Hotel, Kuala Lumpur. The Asset Triple A Islamic Finance Awards recognises the best Islamic banks and houses, as well as deals that defined the industry during the review period. Points scored for both quantitative and qualitative factors are combined to determine the winners.
Tho Li Ming
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About RAM Rating Services Berhad (RAM Ratings)
Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Registration of Credit Rating Agencies, 2011. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
About RAM Sustainability Sdn Bhd (RAM Sustainability)
RAM Sustainability Sdn Bhd is a provider of sustainability services and ESG analytics. It is the first ASEAN-based provider of sustainability ratings and second opinions and has the distinction of being the first Registered Observer of the International Capital Market Associations’ (ICMA) Green Bond Principles (GBP), Social Bond Principles (SBP) and Sustainability Bond Guidelines in ASEAN. It is a member of ICMA’s Advisory Council to the GBP and SBP Executive Committee for a third consecutive term. On 12 August 2020, RAM Sustainability became an Approved Verifier for the certification of climate bonds under the Climate Bonds Standard & Certification Scheme after having been awarded the status by the Climate Bonds Standards Board. For further details, visit https://www.ram.com.my/sustainability.
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