[RAM] RAM Ratings withdraws UMW's sukuk ratings

RAM Ratings has withdrawn the AA2/Stable rating of UMW Holdings Berhad’s (UMW or the Group) RM2 bil Islamic Medium Term Notes Programme (2013/2028) as well as the A1/Stable rating of its RM2 bil Perpetual Sukuk Programme, at the request of the issuer. As such, we no longer have any rating obligations in respect of these programmes. RAM last reaffirmed the ratings on 30 July 2021. 


Analytical contacts
Karin Koh, CFA
(603) 3385 2508
karin@ram.com.my

Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my