PETALING JAYA: MARC Ratings has affirmed the financial institution rating of AAA on Bank Pembangunan Malaysia Bhd (BPMB) and the AAAIS rating on the bank’s RM11bil Islamic medium-term notes (IMTN) programme.
The rating agency assigned a “stable” outlook for both, adding that the ratings reflect the very high likelihood of government support for BPMB, given its status as a fully government-owned policy bank, its key role in national infrastructure development, and its history of receiving such support.
