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RAM Ratings withdraws rating of Alliance Islamic
Published on 20 May 2026.
RAM Ratings has withdrawn the P1 rating of Alliance Islamic Bank Berhad’s (Alliance Islamic) RM300 mil Islamic Commercial Papers Programme (2019/2026) (last affirmed on 31 Jul 2025) upon receiving confirmation from the facility agent that the programme has matured. As such, we no longer have any rating obligation in respect of the facility.
We will, however, maintain surveillance on Alliance Islamic’s AA3/Stable/P1 financial institution ratings and the ratings of its sukuk programme as follows:
Analytical contacts
Lee Yee Von
(603) 2708 8217
yeevon@ram.com.my
Wong Yin Ching, CFA
(603) 2708 8280
yinching@ram.com.my
Media contact
Sakinah Arifin
(603) 2708 8212
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
© Copyright 2026 by RAM Rating Services Berhad
