KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) today announced that RAM Rating Services Bhd has reaffirmed its "AA3/Stable/P1” corporate credit ratings.
The rating agency has also affirmed the same ratings for MDV’s RM2.0 billion conventional and Islamic commercial papers/medium-term notes (CP/MTN) Programmes.
"The affirmation reflects RAM Ratings’ assessment that MDV continues to benefit from strong government support, underpinned by its strategic mandate to support Malaysia’s technology and innovation ecosystem and its status as a wholly owned government company,” it said in a statement.
MDV, a subsidiary of Ministry of Finance (Inc), said the ratings affirmation also recognises its ongoing strategic relevance, including its role as one of the implementing agencies under the National Energy Transition Facility, which supports the broader objectives of the National Energy Transition Roadmap.
"Through this role, MDV contributes to the development of technology-driven and sustainability-focused projects in line with the country’s long-term transition agenda,” it said.
MDV chief executive officer Rizal Fauzi said RAM Ratings’ affirmation of MDV’s "AA3/Stable/P1” ratings reflects the confidence placed in its role as Malaysia’s technology financier and its continued focus on supporting underserved technology sectors.
"As the country advances its innovation, sustainability and energy transition agenda, MDV remains committed to expanding access to financing for companies and projects that can create long-term economic impact,” he said. - Bernama
