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RAM Ratings withdraws Sabah Development’s AAA issue rating
Published on 10 Nov 2023.
RAM Ratings has received confirmation that Sabah Development Berhad terminated its RM10.0 bil Islamic Medium-Term Notes Programme on 8 November 2023. Consequently, we have withdrawn the AAA/Stable rating of the programme and no longer have any rating obligation in respect of it. The rating was last published on 22 March 2023.
Analytical contacts
L Nurisya Abdullah
(603) 3385 2492
nurisya@ram.com.my
Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my
Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my
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.
Published by RAM Rating Services Berhad
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