MARC has affirmed CIMB Islamic Bank Berhad's (CIMB Islamic or the bank) financial institution (FI) ratings at AAA/MARC-1 and concurrently affirmed its rating on CIMB Islamic's Tier 2 Junior Sukuk Programme (Junior Sukuk) at AA+IS. CIMB Islamic's Junior Sukuk is rated one notch lower than its long-term financial institution rating due to the subordination of the Junior Sukuk to the bank's deposits and its other senior unsecured debt. The outlook on the long-term ratings is stable.
(Zawya / 14 Dec 2012)
Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com