MARC Ratings has affirmed its financial institution rating of AAA on Small Medium Enterprise Development Bank Malaysia Berhad. Concurrently, the rating agency has affirmed its ratings of AAAIS/MARC-1IS on the bank’s Islamic Medium Term-Notes (IMTN) Programme of up to RM3.0 billion and Islamic Commercial Papers (ICP) Programme of up to RM1.0 billion with a combined aggregate limit in nominal value of up to RM3.0 billion. The rating outlook is stable.

Source : Business Today Online, 9 June 2022