The amount of negative-yielding bonds globally have jumped 47% to more than $12 trillion this year as signs that the Federal Reserve and the European Central Bank will ease spurred a bond rally.
PETALING JAYA: RAM Ratings has reaffirmed the debt ratings of Sabah Development Bank Bhd’s (SDB) debt programmes at AA1/Stable/P1 ratings.
The reaffirmation reflected the rating house’s expectation that extraordinary support from the Sabah state government would remain forthcoming in times of need, as SDB played a strategic role in advancing the state government’s developmental agenda.
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