Sunday 29, December 2013 by Matthew Amlôt

RAM Ratings reaffirms Kenanga Investment Bank’s A3/Stable/P1 ratings

RAM Ratings has reaffirmed Kenanga Investment Bank Berhad’s (Kenanga IB or the Bank) A3/Stable/P1 financial institution ratings. The ratings reflect Kenanga IB’s strong retail stockbroking franchise, healthy asset quality and liquidity as well as solid capitalisation. However, the ratings are moderated by its weak profit performance and lack of access to a larger balance sheet that limits its underwriting capability.

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