[RAM] RAM Ratings assigns P1 ratings to AmBank's and AmBank Islamic's Commercial Papers Programmes

RAM Ratings has assigned P1 ratings to AmBank (M) Berhad’s RM4 billion Commercial Papers Programme and AmBank Islamic Berhad’s RM3 billion Islamic Commercial Papers Programme. These facilities will accord the respective banks and the larger AMMB Holdings Berhad (AMMB or the Group) greater flexibility to manage funding costs.

RAM Ratings affirmed AMMB Holdings Berhad’s corporate credit ratings and the financial institution ratings of AmBank (M) Berhad and AmBank Islamic Berhad at AA₂/Stable/P1 on 24 May 2024. For more details, please refer to our full credit rating rationales for these entities published in May 2024.


Analytical contacts
Chan Yin Huei
(603) 3385 2498
yinhuei@ram.com.my

Sophia Lee
(603) 3385 2619
sophia@ram.com.my

Media contact
Sakinah Ariffin
(603) 3385 2500
sakinah@ram.com.my