Wednesday, Oct 12, 2022
MARC Ratings has withdrawn its ratings of AAAIS/AA+IS on Danajamin Nasional Berhad’s (Danajamin) RM2.0 billion Senior and Subordinated Sukuk Murabahah programme. The ratings withdrawal follows the full redemption of the outstanding amount of RM500.0 million under the programme and the subsequent cancellation of the programme. This was confirmed by the facility agent on October 11, 2022.
The rating agency has an insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. MARC Ratings will withdraw coverage on Danajamin upon notification of completion of the ongoing amalgamation exercise between Danajamin and Bank Pembangunan Malaysia Berhad.
Contacts:
The rating agency has an insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. MARC Ratings will withdraw coverage on Danajamin upon notification of completion of the ongoing amalgamation exercise between Danajamin and Bank Pembangunan Malaysia Berhad.
Contacts:
Farhan Darham, +603-2717 2945/ farhan@marc.com.my
Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my
Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my