The downward revision was mainly due to the changing expectations on global crude oil prices, which were increasingly pointing to a lower average range of US$60 to US$65 per barrel for the year
RAM Ratings said on Tuesday CIMB IB took pole position for both Sukuk and conventional PDS for 2013 after it arranged RM28.13bil or 37.3% of the RM75.50bil of RAM-rated PDS and Sukuk last year.
CIMB IB also took top spot for arranging the most Sukuk (by programme value) of RM11bil last year, or 31.3% of the RAM-rated Sukuk.
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