MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and its subordinated debt programm...

MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and its subordinated debt ...

MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and its sub-debt programme...

MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and accordingly affirmed its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and i...

MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and accordingly affirmed its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (sub-debt programme). The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporat...

MARC has assigned corporate credit ratings of AA+/ MARC-1 to CIMB Group Holdings Berhad (CIMB Group) and concurrently assigned a final rating of AA to the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (sub-debt programme). The outlook on all of the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and...

MARC has assigned a preliminary rating of A+ to Bumiputra-Commerce Holdings Berhad’s (“BCHB”) proposed RM3.0 billion Cumulative Subordinated Fixed Rate Notes Programme. At the same time MARC affirms its senior debt ratings of AA /MARC-1 and AAID /MARC-1ID on BCHB’s rated Conventional and Islamic Senior Debt issues. The ratings outlook is stable.MARC has rated the subordinat...

MARC has assigned ratings of AA-/MARC-1 & AA- ID /MARC-1ID to Bumiputra-Commerce Holdings Berhad’s (BCHB’s) (formerly Commerce Asset-Holding Berhad) proposed Commercial Papers/ Medium Term Notes programmes, for its conventional and Islamic issuances respectively, for a total combined nominal value up to RM6.0 billion. The notes are rated the same as BCHB’s existing 8.35% RM25...

The corporate debt rating of Bumiputra-Commerce Holdings Berhad (BCHB), formerly known as Commerce Asset-Holding Berhad, has been upgraded from A+ to AA- based on the encouraging pace of the integration process of BCHB’s two main bank units, Bumiputra-Commerce Bank Berhad (BCB) (now known as CIMB Bank Berhad) and Commerce International Merchant Bankers Berhad (now known as CIMB Investment Ba...

MARC has affirmed the long-term rating of Commerce Asset-Holding Berhad (CAHB) at A+. This reflects the firm credit standing of the CAHB Group, which benefits from a strong franchise of its core subsidiaries; improving overall Group-wide earnings and asset quality; continuous efforts to keep gearing at bay and a proactive management. The rating however is constrained by the Group’s exposu...