AMMB liquidity position remains intact

In a filing with Bursa Malaysia on Thursday, AMMB said the goodwill write-down is a non-cash item and would have no impact on its regulatory capital ratios and does not affect future earnings as it is a non-recurring item.

KUALA LUMPUR: The planned goodwill write-down and proposed private placement by AMMB Holdings Bhd will not affect its ratings in the immediate term, RAM Rating Services Bhd said.

The goodwill impairment does not affect the group’s capital ratios and its liquidity position, the rating agency said in a statement.