MARC has upgraded the long-term rating of Commerce Asset-Holding Berhad (CAHB) to A+ (single A plus). This reflects the strengthened credit standing of the CAHB Group, which benefited from the strong franchise of its core subsidiaries; a better performance by its commercial banking subsidiary; the improvement in its overall asset quality; a low gearing level; and a proactive management. The rating...

MARC has assigned a rating of A (Single A) to Commerce Asset-Holding Berhad’s (CAHB) RM500.0 million 5-year and 7-year Redeemable Unsecured Bonds. The rating reflects the strong market positioning of CAHB’s major operating units, the employment of sound risk management practices, solid capital levels and the majority government shareholding. These positives are moderated by the erratic perfo...