KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) has 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 RM2bil conventional and Islamic commercial papers/medium-term notes 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. — Bernama
