MARC has assigned a final rating of AA+ to CIMB Bank Berhad’s (CIMB Bank) RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (Subordinated Debt Programme). Concurrently, MARC has also affirmed the long-term and short-term financial institution (FI) ratings on CIMB Bank at AAA/MARC-1 and the ratings of all corporate debt issuances by the bank; the full list of these issuanc...

MARC has affirmed its long-and short-term financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1, reflecting the bank’s very strong domestic competitive position, resilient earnings generation, sound risk management and strong capital adequacy. The ratings also incorporate the rating agency’s expectation of support given the bank’s systemic importance to...

MARC has affirmed its long- and short-term financial institutions ratings of CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1, reflecting the bank’s established franchise in Malaysia and strong credit profile, which is well supported by sound capital and liquidity management and resilient earnings streams. Considering the size as well as the bank’s systemic importance to the domestic financi...

MARC has upgraded its long-term financial institution rating on CIMB Bank Bhd (CIMB Bank) to AAA from AA+, reflecting the bank’s resilient earning streams, improved asset quality, adequate capitalisation and strong business franchise in Malaysia. MARC had earlier placed the long term financial institution rating of CIMB Bank on MARCWatch Positive on April 20, 2010 on expectation that the ban...

MARC has affirmed its AA+/ MARC-1 financial institution ratings on CIMB Bank Bhd (CIMB Bank) with a stable outlook. At the same time, MARC has also affirmed all corporate debt ratings assigned to CIMB Bank with a stable outlook. The full list of the affirmed corporate debt ratings are given at the end of this section. CIMB Bank’s ratings reflect its adequate capitalisation, stable earning st...

MARC has assigned a rating of AA- to CIMB Bank Berhad’s (CIMB Bank) up to RM4.0 billion Nominal Value Non-Innovative Tier 1 Stapled Securities (Stapled Securities) Programme. The rating carries a stable outlook. The funding programme entails issuance of Stapled Securities comprising non-cumulative perpetual capital securities (Capital Securities) issued by CIMB Bank stapled to an equivalent ...

MARC has assigned a rating of AA- to CIMB Bank Berhad’s (CIMB Bank) Innovative Tier 1 Capital Securities (IT-1 Securities) with nominal value of up to RM1.0 billion. The rating, which is two notches lower than CIMB Bank’s Financial Institution Rating of AA+, reflects the subordination of the IT-1 Securities relative to unsecured senior debt and subordinated debt obligations of the bank...

MARC has upgraded its long-term Financial Institution rating of CIMB Bank Berhad (CIMB Bank) to AA+ from AA and its RM667 million Irredeemable Convertible Unsecured Loan Stocks’ (ICULS) rating to AA from AA-. The upgrade reflects MARC’s expectation of continued improvement in CIMB Bank’s competitive position following the successful integration of CIMB Bank and Southern Bank Berh...

The corporate debt rating of Bumiputra-Commerce Holdings Berhad (BCHB), formerly known as Commerce Asset-Holding Berhad, has been upgraded from A+ to AA- based on the encouraging pace of the integration process of BCHB’s two main bank units, Bumiputra-Commerce Bank Berhad (BCB) (now known as CIMB Bank Berhad) and Commerce International Merchant Bankers Berhad (now known as CIMB Investment Ba...

The corporate debt rating of Bumiputra-Commerce Holdings Berhad (BCHB), formerly known as Commerce Asset-Holding Berhad, has been reaffirmed at A+ following the combination of CIMB and Bumiputra-Commerce Bank (BCB). BCHB is the ultimate parent of the combined entity. Concurrently, MARC has upgraded the Financial Institution Rating of BCB from AA-/MARC-1 to AA/MARC-1. MARC has also upgraded th...