CMS’s outlook upgraded to positive
KUCHING: RAM Ratings has recently upgraded the outlook on Cahya Mata Sarawak Berhad’s (Cahya Mata or the Group) long-term ratings from stable to positive, citing the group’s improving business and financial profiles. According to the rating agency on Wednesday, Cahya Mata’s new phosphates manufacturing division (Cahya Mata Phosphates) has started commissioning production and is set […]
Malaysian banks rating intact despite us bank failures
KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) sees no rating impact on Malaysian banks from the failure of the United States Silicon Valley Bank (SVB) and two other smaller banks last week. The rating agency said that in Malaysia, banks’ credit fundamentals remained robust and resilient supported by strong regulatory supervision to weather heightened […]
Digital banks will spur financial innovation
KUALA LUMPUR: While digital banks are disruptors relative to traditional banks and will intensify competition, their impact will be limited in the next three years, given the regulatory restrictions on their asset size, that is, not more than RM2 billion, said RAM Rating Sdn Bhd (RAM Ratings). The credit rating agency said the entry of digital banks […]
Plunging oil prices to suppress inflation
KUALA LUMPUR: RAM Rating Services Bhd’s (RAM Ratings) overall outlook on domestic inflation for this year has become significantly more dovish amid the plunge in global oil prices. It said while the inflation rate is envisaged to remain largely unchanged at 1.5 per cent in February, the rating agency anticipates it to shift lower through the […]
