RAM Ratings named Rating Agency of the Year, Malaysia

File pic: CEO of RAM Ratings Foo Su Yin said it was a privilege to be voted Rating Agency of the Year, Malaysia for the third time.

KUALA LUMPUR: RAM Ratings has taken top honour to be named Rating Agency of the Year, Malaysia – the third consecutive time -- by The Asset, a publication on Asian financial markets. 

The Asset recently presented its Triple A Rating Agency of the Year awards in Hong Kong. 

RAM said the other rating agencies receiving awards for other categories included Fitch Ratings, Moody’s Investor Services and S&P Global. 

CEO of RAM Ratings  Foo Su Yin said it was a privilege to be voted Rating Agency of the Year, Malaysia for the third time. 

“This is especially so given that RAM is the only Asean rating agency to be accorded such an honour, thus reaffirming our position as the leading credit rating agency in this region,” she said.

RAM has been selected as Malaysia’s rating agency of the year based on its outstanding rated and published portfolio of more than 500 issuers, valued at close to US$350 billion. 

RAM has rated 95% of the country’s local financial institutions as well as foreign banks domiciled in Malaysia. 

It has a dominant share of the rated market and is a leader in insurance and takaful (Shariah-compliant insurance) ratings. 

Last year, RAM rated the world’s first green sukuk issued by Tadau Energy, a solar power player in Malaysia.