Rating action     MARC Ratings has affirmed its financial institution (FI) rating of AAA on Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank). Concurrently, the rating agency has affirmed its ratings of AAAIS / MARC-1IS on the bank’s Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion and Islamic Commercial Papers (ICP) Programme of up to RM1.0 bill...

Rating action     MARC has assigned final ratings of AAAIS / MARC-1IS on Small Medium Enterprise Development Bank Malaysia Berhad’s (SME Bank) Islamic Medium-Term Notes (IMTNs) Programme of up to RM3.0 billion (which shall include Sustainability IMTNs) and Islamic Commercial Papers (ICPs) Programme of up to RM1.0 billion with a combined limit in nominal value of up to RM3.0 b...

MARC has affirmed its financial institution (FI) rating of AAA to Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank). The rating outlook is stable.The affirmed FI rating remains premised on SME Bank’s status as a wholly government-owned development financial institution (DFI) with a mandate to develop small and medium enterprises (SMEs) in the country. For executing this role, t...

MARC has assigned a financial institution (FI) rating of AAA to Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) with a stable outlook. The AAA rating primarily reflects SME Bank’s status as a development financial institution (DFI) that has received support from the government for its mandated role to assist in the growth of small and medium enterprises (SME), a key foc...