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MARC confirms stable rating on CIMB sukuk programme

Posted on 15 August 2012

Malaysian Rating Corp Bhd (MARC) has confirmed its AA+IS/stable rating on CIMB Islamic Bank Bhd’s RM2bil Tier-2 junior sukuk programme in connection with the bank’s issuance of its third tranche sukuk under the programme.
In a statement, MARC said the programme rating was one notch below that of the bank’s financial institution (FI) rating of AAA. The sukuk qualifies as supplementary capital under Malaysia’s existing regulatory capital rules………………………………………..Full Article: Source

 
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