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Fixed Income

Credit Rating

Standard & Poor's
Date Rating Classification Ratings
13 October 2023 Issuer Credit Rating A- / Stable / A-2
Junior Subordinated BB+
Senior Unsecured A-
Senior Unsecured A-2
Subordinated BBB
Moody’s Investors Service
Date Rating Classification Ratings
23 February 2024 Outlook Stable
Bank Deposits A3 / P-2
Baseline Credit Assessment a3
Adjusted Baseline Credit Assessment a3
Counterparty Risk Assessment A2(cr) / P-1(cr)
Senior Unsecured A3
Subordinate (P)Baa2
Preference Stock Non-Cumulative MTN (P)Baa3
Commercial Paper P-2
Counterparty Risk Ratings A2/P-1
RAM Ratings
Date Rating Classification Ratings
21 November 2023 Financial Institution Ratings  AAA / Stable / P1
RM20 billion Subordinated Note Programme (2012/-) AA1 / Stable
RM10 billion Additional Tier-1 Capital Securities Programme (2014/-) AA3 / Stable
RM30 billion Sukuk Programme (2017/-)
-Senior Sukuk Murabahah AAA / Stable
-Subordinated Sukuk Murabahah AA1 / Stable
-Additional Tier 1 Mudharabah AA3 / Stable
RM10 billion Senior Medium Term Note Programme (2015/-) AAA / Stable
RM10 billion Commercial Paper/Medium Term Note Programme (2023/2030) AAA / Stable / P1
Japan Credit Rating Agency
Date Rating Classification Ratings
31 January 2024 Foreign Currency Long-term Issuer Rating A+
Outlook Stable
Bonds A+
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