MARC has withdrawn its AA/stable rating on CIMB Bank Berhad’s (CIMB Bank) RM4.0 billion Non-Innovative Tier 1 Stapled Capital Securities Programme.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: ...

MARC has affirmed its financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1 with a stable outlook. Concurrently, it has affirmed its corporate debt ratings on CIMB Bank’s existing subordinated debt and hybrid securities, which have been notched down from the bank’s FI rating by one or two notches based on their relative loss severity risk profiles. The full list is ...

MARC has affirmed the long-term and short-term financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1 and accordingly affirmed the ratings on all its corporate debt issuances. In accordance with MARC’s general notching policy, the ratings on CIMB Bank’s existing subordinated debt and hybrid securities are notched down from the bank’s FI rating by one or two notches...

MARC has affirmed the long-term and short-term financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1 and the ratings of all corporate debt issuances by the bank; the full list of these issuances is given at the end of this section. CIMB Bank’s existing subordinated debt and hybrid securities are notched down from the bank’s FI rating in accordance with MARC&r...

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) with a stable outlook. Upon review of the final documentation of the forthcoming subordinated debt issuance, MARC is satisfied that the terms and conditions of the Subordinated Debt Programme have not changed in any mate...

MARC has assigned a preliminary rating of AA+ to CIMB Bank Berhad’s (CIMB Bank) proposed 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 o...

MARC has withdrawn its AA+ rating on CIMB Bank Berhad’s (CIMB Bank) RM1.5 billion nominal value subordinated bonds (Subordinated Bonds). The withdrawal follows the early and full redemption of the Subordinated Bonds on March 28, 2013, as confirmed by the facility agent. MARC’s analytical coverage on CIMB Bank is now limited to the bank’s financial institution rating of MARC-1/AAA...

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. The rating also reflects MARC’s expectation of high regulatory support on the basis of...

MARC has assigned final ratings of AA+/AA+IS to CIMB Bank Berhad’s (CIMB Bank) proposed Tier 2 Subordinated Debt and Junior Sukuk Programme respectively with a combined nominal value of RM5.0 billion. The ratings are one notch lower than CIMB Bank’s affirmed long-term financial institution rating, reflecting its position relative to deposits and senior debt. Underpinning CIMB Bank&rsqu...