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Press Release
23 Nov | Friday
RAM Ratings withdraws ratings of Poh Kong’s Islamic CP/MTN upon full redemption and expiry
RAM Ratings has received confirmation that Poh Kong Holdings Berhad fully redeemed its RM150 million Danajamin-guaranteed Islamic Commercial Papers/ Islamic Medium-Term Notes Programme (2011/2018) on 22 November 2018. The programme expired on the same date. As such, we have withdrawn the AAA(fg)/Stable/P1 ratings of the programme and no longer have any rating obligation on it. 
 
 
Analytical contact
Aw Wei Xuan
(603) 7628 1198
weixuan@ram.com.my

Media contact
Padthma Subbiah
(603) 7628 1162
padthma@ram.com.my
 
Date of release: 23 November 2018
 
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.
 
RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.
 
Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
 
Published by RAM Rating Services Berhad
Ó Copyright 2018 by RAM Rating Services Berhad
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