[RAM] Impian Ekspresi's Guaranteed MTN rating withdrawn ahead of maturity

RAM Ratings has withdrawn the AAA(bg)/Stable rating of Impian Ekspresi Sdn Bhd’s RM450 mil Guaranteed Medium-Term Notes (MTN) Programme (2013/2024). This follows confirmation from the facility agent that the programme was cancelled on 19 January 2024, ahead of the maturity date of 29 November 2024. The MTN were guaranteed by Bank Pembangunan Malaysia Berhad (rated AAA/Stable/P1 by RAM) and Malayan Banking Berhad (AAA/Stable/P1).   

As such, we no longer have any rating obligation in respect of the facility, the rating of which was last affirmed on 12 October 2023. 


Analytical contacts
Hani Hamizah Nor Hashim
(603) 3385 2575
hani@ram.com.my

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

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