RAM Ratings affirms AAA ratings for Public Bank, Public Islamic Bank

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has affirmed the AAA/Stable/P1 financial institution ratings of Public Bank Bhd and its core subsidiary, Public Islamic Bank Bhd.

In a statement today, the rating agency said the affirmation is anchored by the group’s consistently superior asset quality and sturdy loss-absorption buffers, reflecting its prudent credit culture.