KUALA LUMPUR: RAM Rating Services Bhd has assigned a final long-term rating of “AA1” to Etiqa Insurance Bhd’s proposed subordinated bonds of up to RM500mil.
In a statement, RAM said that concurrently, Etiqa’s respective long and short-term claims-paying ability ratings had been reaffirmed at “AAA” and “P1” respectively. Both long-term ratings had a “stable” outlook, it said. — Bernama
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