RATING Agency Malaysia Bhd (RAM) has upgraded Malaysian International Merchant Bankers' (MIMB) long- and short-term general bank ratings to A3 and P1 respectively from BBB1 and P2 with effect from January.
MIMB, the merchant banking arm of the EON Bank group, earned the ratings upgrade as a result of the improvements reflected in its credit risk profile after transferring its entire loans portfolio to EON Bank.
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