RAM Ratings and MARC have withdrawn the AAA/Stable and AA1/Stable ratings of Danajamin Nasional Berhad’s RM2 billion Senior and Subordinated Sukuk Murabahah Programme (2017/-) after all outstanding amounts were fully redeemed in October 2022. The said programme has been cancelled. Accordingly, both MARC and RAM say they no longer have any rating obligation in respect of the facility.
The rating agencies noted that they will, however, maintain surveillance of the Company’s Insurer Financial Strength Ratings, which were last reaffirmed at AAA/Stable/P1.
