MARC has withdrawn its AA/stable rating on CIMB Bank Berhad’s (CIMB Bank) RM4.0 billion Non-Innovative Tier 1 Stapled Capital Securities Programme. The rating withdrawal follows the full redemption and subsequent cancellation of the programme as confirmed by the facility agent on January 9, 2017.

MARC’s analytical coverage on CIMB Bank is now limited to the following debt issuances:

• RM10.0 billion Tier 2 Subordinated Debt Programme rated AA+;
• RM5.0 billion Subordinated Debt and Junior Sukuk Programmes rated AA+/AA+_IS ; and
• RM1.0 billion Innovative Tier 1 Capital Securities rated AA.

The outlook on the above ratings is stable.

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