Pub­lic Is­lamic’s rat­ings reaf­firmed

New Straits Times - - Business -

KUALA LUMPUR: RAM Rat­ings has reaf­firmed the “AAA/sta­ble/P1” fi­nan­cial in­sti­tu­tion rat­ings of Pub­lic Is­lamic Bank Bhd, re­flect­ing its strate­gic im­por­tance as the Is­lamic bank­ing arm of Pub­lic Bank Bhd. Con­cur­rently, RAM also reaf­firmed the re­spec­tive “AAA/sta­ble” and “AA1/sta­ble” rat­ings of the se­nior and sub­or­di­nated sukuk un­der Pub­lic Is­lamic’s sukuk muraba­hah pro­gramme of up to RM5 bil­lion (2014/2044). “Fund­ing sup­port from Pub­lic Bank is ex­pected to be read­ily avail­able should the need arise,” it added. Ber­nama

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