Sunday 08, November 2015 by Matthew Amlôt

MARC affirms CIMB Islamic Bank’s AA/MARC-1 FI ratings and existing issue rating

MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) and MYR 2.0 billion Tier 2 Junior Sukuk (Junior Sukuk) programme ratings at AAA/MARC-1 and AA+IS respectively. Concurrently, MARC has assigned a final rating of AA+IS to CIMB Islamic’s proposed MYR 5.0 billion Basel III-compliant Tier 2 Junior Sukuk (proposed Junior Sukuk) programme. The outlook on all ratings is stable.

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