RAM Ratings: Bank Pembangunan’s purchase of Danajamin has no impact on AAA ratings

Bank Pembangunan's acquisition of Danajamin Nasional Bhd will allow the enlarged entity to have a greater market impact.

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd’s acquisition of Danajamin Nasional Bhd will allow the enlarged entity to have a greater market impact, cementing its strategic importance, RAM Ratings says.

This corporate exercise reflects the government’s commitment to strengthen the development finance industry by streamlining the public policy mandates of development financial institutions, it said on Monday.