RAM Ratings reaffirms Bank Muamalat's ratings


KUALA LUMPUR: RAM Rating Services Bhd has reaffirmed Bank Muamalat Malaysia Bhd's respective long- and short-term financial institution ratings at A2 and P1 as its asset quality has improved.

The ratings agency said on Tuesday it had also reaffirmed the rating of the bank's RM400mil Islamic subordinated Sukuk programme (2011/2026) at A3.

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