[RAM] APM's CP programme rating withdrawn upon programme maturity

RAM Ratings has withdrawn the P1 rating of APM Automotive Holdings Berhad’s (APM or the Group) RM1.5 bil Islamic Commercial Papers Programme (2016/2023). This follows confirmation from the facility agent that the sukuk programme was cancelled upon maturity on 27 December 2023.  Accordingly, we no longer have any rating obligation in respect of the facility. We will, however, maintain surveillance of the Group’s RM1.5 bil Islamic Medium-Term Notes Programme (2016/2036), which was last rated AA2/Stable on 21 November 2023. 


Analytical contact
Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my

Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my