[RAM] RAM Ratings withdraws ratings of Hong Leong Financial Group's RM1.8 bil CP/MTN Programme

RAM Ratings has received confirmation that Hong Leong Financial Group Berhad (HLFG) had fully redeemed its RM1.8 billion Commercial Papers/Medium-Term Notes Programme (2011/2031) and subsequently cancelled the facility on 17 September 2020. Consequently, we have withdrawn the AA1/Stable/P1 ratings of the programme and no longer have any rating obligation in respect of the facility.

We will, however, maintain surveillance of HLFG’s AA1/Stable/P1 corporate credit ratings as well as the ratings of the debt programmes listed in the table below.

Analytical contact
Goh Kwan Kheen, Timothy
(603) 3385 2496
timothy@ram.com.my

Media contact
Padthma Subbiah
(603) 3385 2577
padthma@ram.com.my