ANNOUNCEMENT DETAILS

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ANNOUNCEMENT DATE
:
06-May-2020
CATEGORY
:
RATING ANNOUNCEMENT
SUB-CATEGORY
:
RATING ANNOUNCEMENT
TITLE
:
ORIX Leasing Malaysia Berhad
ISSUER NAME
:
ORIX LEASING MALAYSIA BERHAD
DESCRIPTION
:
-
CONTENT
:
RAM Ratings has received confirmation that ORIX Leasing Malaysia Berhad had fully redeemed its RM500 mil Commercial Papers/Medium-Term Notes Programme (2013/2020) following the maturity of the facility on 30 April 2020. As such, we have withdrawn the AA2/Stable/P1 ratings of the said programme and no longer have any rating obligation in respect of it.

However, we will maintain surveillance on the AA2/Stable rating of ORIX Leasing's RM500 mil Medium-Term Notes Programme (2016/2031). 

 

Analytical contact
Tan Shu Xuan 
(603) 3385 2497
[email protected]

Media contact
Padthma Subbiah
(603) 3385 2577
[email protected]

 

The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security's market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.

RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings' credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.

Similarly, the disclaimers above also apply to RAM Ratings' credit-related analyses and commentaries, where relevant.

Published by RAM Rating Services Berhad
? Copyright 2020 by RAM Rating Services Berhad

*** DISCLAIMER ***
THIS COMPUTER SYSTEMS AND APPLICATIONS ARE OWNED AND OPERATED BY BURSA MALAYSIA.
ATTACHMENT
:
-
SOURCE
:
BURSA
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