[RAM] RAM Ratings withdraws MUFG Malaysia's sukuk rating and MUFG Bank, Ltd's financial institution ratings

RAM Ratings has withdrawn the rating of MUFG Bank (Malaysia) Berhad’s (MUFG Malaysia) USD500 million Multi-Currency Sukuk Wakalah Bi Al-Istithmar Programme (2014/2024) (the Programme) upon receiving confirmation from the facility agent that the programme has expired. Concurrently, we have withdrawn the financial institution ratings of MUFG Bank, Ltd. (MUFG Ltd) at the request of MUFG Malaysia. 

As such, we no longer have any rating obligation in respect of the sukuk programme or MUFG Ltd. We will, however, maintain surveillance of MUFG Malaysia’s financial institution ratings.

RAM’s rating coverage of MUFG Malaysia and MUFG Ltd at the time of the rating withdrawal is set out below:




Analytical contacts
Lee Yee Von
(603) 3385 2503
yeevon@ram.com.my

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

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