RAM Ratings optimistic on digital bank licences in its rated portfolio

KUALA LUMPUR: RAM Ratings Services Bhd is optimistic on the digital bank licences recently secured by four RAM-rated entities although no immediate rating impact is expected.

The four entities in the digital bank licence consortiums were Aeon Credit Service (M) Bhd with AA3/Stable/P1 rating, RHB Bank Bhd (AA2/Positive/P1), Salvare Assets Bhd (A1/Stable) and YTL Corporation Bhd (AA1/Negative/P1).