KUALA LUMPUR: RAM Rating Services Bhd has reaffirmed CIMB Group Holdings Bhd’s AA 1 /Stable/P1 corporate credit ratings (CCRs) and the issue ratings of its debtinstruments. In a separate statement, RAM Rating has also reaffirmed CIMB Bank Bhd’s AAA/Stable/P1 financialinstitution ratings (FIRs) and the issue ratings of its debt instruments. RAM Rating noted that the FIRs incorporate CIMB Bank’s systemic importance to the Malaysian banking system and its strong franchise in wholesale and consumer banking. It has reaffirmed CIMB Investment Bank Bhd’s AAA/Stable/P1 financial institution ratings. “The ratings reflect those of CIMB Bank and are premised on CIMB Investment’s strategic roleas CIMB Group investment-banking arm,” it added.

Source: New Strait Times December 22, 2017 11:48 UTC