RAM Ratings wins Best Islamic Rating Agency award

KUCHING: RAM Ratings has been named Islamic Finance News’ ( IFN) Best Islamic Rating Agency 2016. According to IFN’s publication dated Oct1 19, 2016.

RAM emerged ahead of over twothirds of the votes. Last year’s winner, Moody’s Investors Service, came second while S& P Ratings took third place.

Citing the firm support from issuers, regulators and other market participants, Foo Su Yin – CEO of RAM Ratings – was quoted as saying, “We are honoured and grateful for the market’s vote of confidence in recognising our sukuk rating and Islamic finance thought leadership.”

IFN also acknowledged the valuable role played by regional rating agencies in supporting, building and encouraging their local capital markets.

The organisation further noted that RAM “provides crucial and independent credit opinions that allow investors and market participants to make informed decisions that contribute materially to the growth and strength of the industry.”

Besides its strength in sukuk ratings, RAM also contributes to the vibrancy of the Islamic finance market through its signature publications, Sukuk Snapshot and Sukuk Reflections, which enable market practitioners to keep abreast of sukuk data, as well as monitor developments in the global and Malaysian sukuk markets.