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RAM Ratings marks Bank Muamalat proposed Sukuk A3

Tue, 2011-05-10 09:59 — newsdesk

Bank Muamalat was given A3 by RAM Ratings. Bank Muamalat Malaysia’s respective long- and short-term financial institution ratings were also reestablished at A2 and P1.
RAM Ratings expects the bank's credit costs to restrain as a more rigorous credit-risk-management infrastructure has been put together to guarantee stricter financing origination while efforts to clean up legacy troubled credits are almost completed.

Source: 

http://www.cpifinancial.net/v2/News.aspx?v=1&aid=7921&sec=Islamic%20Finance