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RAM Ratings withdraws rating of Hong Leong Financial Group’s RM3 bil CP Programme
Published on 28 Jan 2025.
Subsequent to receiving confirmation that Hong Leong Financial Group Berhad (HLFG) cancelled its RM3 bil Commercial Papers (CP) Programme (2018/2025) on 24 January 2025, RAM Ratings has withdrawn the P1 rating of the facility and no longer has any rating obligation in respect of it.
We will, however, maintain surveillance of HLFG’s AA1/Stable/P1 corporate credit ratings and the ratings of the debt programme listed below.
Analytical contacts
Sean Lim, CFA
(603) 3385 2550
sean@ram.com.my
Amy Lo
(603) 3385 2509
amy@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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