MARC Ratings has withdrawn its ratings of AAAIS/AA+IS on Danajamin Nasional Berhad's (Danajamin) RM2.0 billion Senior and Subordinated Sukuk Murabahah programme. The ratings withdrawal follows the full redemption of the outstanding amount of RM500.0 million under the programme and the subsequent cancellation of the programme. This was confirmed by the facility agent on October 11, 2022.

The rating agency has an insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. MARC Ratings will withdraw coverage on Danajamin upon notification of completion of the ongoing amalgamation exercise between Danajamin and Bank Pembangunan Malaysia Berhad.

Contacts:
Farhan Darham, +603-2717 2945/ [email protected]
Mohd Izazee Ismail, +603-2717 2947/ [email protected] 

October 12, 2022

[This announcement is available on MARC's corporate website at www.marc.com.my]

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This communication is provided by Malaysian Rating Corporation Berhad and any of its subsidiaries or affiliates (''MARC'') based on the information, reasonably believed by MARC to be accurate and reliable to the greatest extent, derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified the source of such information and makes no representation as to the accuracy, completeness and timeliness of such information. Any assignment of a credit rating by MARC shall at all times solely be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell or hold any security and/or investment.

? 2022 MARC Ratings Berhad
202001041436 (1397757-W)

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