MARC has assigned a final rating of AA to CIMB Group Holdings Berhad’s (CIMB Group) RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (sub-debt programme). The outlook on the rating is stable.

Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the sub-debt programme have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA was based.

Full details on the assigned rating have been provided in CIMB Group’s preliminary rating announcement on November 25, 2015. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.

Contacts:
Joan Leong, +603-2082 2270/ joan@marc.com.my;
Sharidan Salleh, +603-2082 2254/ sharidan@marc.com.my.