MARC Ratings has affirmed its financial institution rating of A+ on MBSB Bank Berhad as well as its A+IS rating on the bank’s RM5.0 billion Sustainability Sukuk Wakalah Programme. The ratings outlook is stable.The ratings affirmation reflects MBSB Bank’s sound capitalisation and the rating agency’s expectation of continued support to the bank from major shareholder Employees Provident Fund (...

MARC Ratings has affirmed its financial institution (FI) rating of A+ on MBSB Bank Berhad and concurrently affirmed its A+IS rating on MBSB Bank’s RM5.0 billion Sukuk Wakalah programme. The ratings outlook is stable.MBSB Bank’s sound capitalisation levels and strong support from its ultimate shareholder Employees Provident Fund (EPF) remain key rating drivers. The rating is moderated by MBSB B...

MARC Ratings has assigned a final rating of A+IS to MBSB Bank Berhad’s RM5.0 billion Islamic Medium-Term Notes (Sustainability Sukuk Wakalah) Programme. The outlook on the rating is stable.The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminar...

MARC Ratings has assigned a “Silver” Sustainability Sukuk Assessment to MBSB Bank Berhad’s ASEAN Sustainable and Responsible Investment (SRI) Sustainability Sukuk Framework (the Framework). The Framework identifies a total of 13 Eligible Categories, each of which contributes to one or more sustainability objectives and United Nations’ Sustainable Development Goals (SDGs). MARC Ratings is o...

MARC Ratings has assigned its financial institution (FI) rating of A+ to MBSB Bank Berhad and a preliminary rating of A+IS to the bank’s proposed RM5.0 billion Sukuk Wakalah programme. The outlook on the ratings is stable.MBSB Bank’s strength in banking and financing, particularly in personal financing, and a strong capitalisation that has been well supported by its ultimate shareholder, Emplo...