MARC has placed the long-term financial institution ratings of both CIMB Bank Berhad (CIMB Bank) and CIMB Islamic Bank Berhad (CIMB Islamic) on MARCWatch Positive, reflecting the relatively robust performance on the part of both CIMB Bank and its subsidiary, CIMB Islamic, through a weaker economic environment and expectations of continued improvements in their financial performance over the next 1...

MARC has affirmed its AA+/MARC-1 financial institution ratings on CIMB Bank Bhd (CIMB Bank) with a stable outlook. At the same time, MARC has also affirmed all corporate debt ratings assigned to CIMB Bank with a stable outlook. The full list of the affirmed corporate debt ratings are given at the end of this release. CIMB Bank’s ratings reflect its adequate capitalisation, stable earning str...

MARC has assigned ratings of AA/AAIS to CIMB Bank Berhad’s (CIMB Bank) proposed Tier 2 Subordinated Debt Programme and Junior Sukuk Programme respectively with a combined nominal value of RM5.0 billion. The ratings are one notch lower than CIMB Bank’s Financial Institution rating, reflecting its position relative to deposits and senior debt. Underpinning the ratings are CIMB Bank&rsquo...

MARC has assigned a rating of AA- to CIMB Bank Berhad’s (CIMB Bank) proposed up to RM4.0 billion Nominal Value Non-Innovative Tier 1 Stapled Securities (Stapled Securities) Programme. The rating carries a stable outlook. The funding programme entails issuance of Stapled Securities comprising non-cumulative perpetual capital securities (Capital Securities) issued by CIMB Bank stapled to an eq...

MARC has assigned a rating of AA- to CIMB Bank Berhad’s (CIMB Bank) Innovative Tier 1 Capital Securities (IT-1 Securities) with nominal value of up to RM1.0 billion. The rating, which is two notches lower than CIMB Bank’s Financial Institution Rating of AA+, reflects the subordination of the IT-1 Securities relative to unsecured senior debt and subordinated debt obligations of the bank...

MARC has assigned a AA rating to CIMB Bank Berhad’s (CIMB Bank) proposed issuance of up to RM1.5 billion subordinated bonds. This rating is one notch lower than its Financial Institution rating which has been upgraded to AA+ from AA, reflecting its junior position relative to deposits and senior debt.MARC has also upgraded its rating on CIMB Bank’s RM667 million Irredeemable Convertibl...

The corporate debt rating of Bumiputra-Commerce Holdings Berhad (“BCHB”), formerly known as Commerce Asset-Holding Berhad, has been upgraded from A+ to AA- following the merger of CIMB Bank Berhad, formerly known as Bumiputra-Commerce Bank (“BCB”), and Southern Bank Berhad (“SBB”). BCHB is the ultimate parent of the merged entity branded as CIMB Bank Berhad (&ld...

The corporate debt rating of Bumiputra-Commerce Holdings Berhad (BCHB), formerly known as Commerce Asset-Holding Berhad, has been affirmed at A+ following the combination of CIMB and Bumiputra-Commerce Bank (BCB). BCHB is the ultimate parent of the combined entity. Concurrently, MARC has upgraded the Financial Institution Rating of BCB from AA-/MARC-1 to AA/MARC-1. MARC has also upgraded the ratin...

MARC has affirmed Bumiputra-Commerce Bank Berhad’s (BCB or the bank) Financial Institution ratings at AA-/MARC-1 and its detachable coupons of RM667.0 million nominal value Irredeemable Convertible Unsecured Loan Stocks (ICULS) rating at A+. The ratings reflect the bank’s efforts at improving asset quality, its stable liquidity position and wide funding base. Deemed the second largest commerci...

MARC has upgraded Bumiputra-Commerce Bank Berhad’s (BCB) Financial Institution rating to AA-/MARC-1 and its detachable coupons of the RM667 million nominal value Irredeemable Convertible Unsecured Loan Stocks (ICULS) rating to A+. The upgrades reflect the continued improvement in the last several years in the bank’s financial standing and overall asset quality. These improvements were achieved...