[RAM] RAM Ratings withdraws Toyota Capital's RM2.5 bil CP programme rating

RAM Ratings has withdrawn the P1(s) rating of Toyota Capital Malaysia Sdn Bhd’s (Toyota Capital or the Company) RM2.5 billion Conventional and Islamic Commercial Papers (CP) Programme (2016/2024) following confirmation from the facility agent that the programme has expired. Accordingly, our rating obligation of the programme has ended. 

We will, however, maintain surveillance of Toyota Capital’s RM2.5 billion Conventional and Islamic Medium-Term Notes Programme (2016/2031), which was last rated AAA(s)/Stable on 23 November 2023.


Analytical contacts
Jeremy Noel Paul 
(603) 3385 2556
jeremynp@ram.com.my

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

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