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RAM Ratings withdraws MBSB, MBSB Bank, MIDF and MIDF Amanah ratings
Published on 14 Nov 2024.
RAM Ratings has withdrawn the ratings of MBSB Berhad (MBSB), MBSB Bank Berhad (MBSB Bank), Malaysian Industrial Development Finance Berhad (MIDF) and MIDF Amanah Investment Bank Berhad (MAIB) at their request. RAM’s rating coverage of the entities at the time of the withdrawal is indicated below:
Consequently, we no longer have any rating obligations in respect of the above entities.
Analytical contacts
Lee Yee Von
(603) 3385 2503
yeevon@ram.com.my
Sophia Lee
(603) 3385 2619
sophia@ram.com.my
Lim Chern Yit
(603) 3385 2528
chernyit@ram.com.my
Wong Yin Ching, CFA
(603) 3385 2555
yinching@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.
RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.
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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