RAM Ratings has assigned an AAA long-term rating to the senior notes under HSBC Amanah Malaysia’s proposed Multi-Currency Sukuk Programme of up to MYR 3 billion.
Concurrently, RAM has reaffirmed the bank’s respective long- and short-term financial institution ratings, at AAA and P1. Both long-term ratings have a stable outlook. HSBC Amanah is the Islamic banking arm of HSBC Bank Malaysia (HSBC Malaysia) and has an established domestic franchise under the Amanah brand………………………………………..Full Article: Source