RAM Wins Rating Agency Of The Year Award

KUALA LUMPUR, March 3 (Bernama) -- RAM Rating Services Bhd was voted the "Rating Agency of the Year, Malaysia 2016" by The Asset, a leading publication on Asian financial markets. In a statement Thursday, RAM said, it was also presented a "Triple A Rating Agency of the Year" award by the publisher at the same awards ceremony that was held in Hong Kong on Feb 22. The selection is based on transparency of rating methodologies, number of ratings conducted during the year, default and stability rates as well as default recognition policy, surveillance process, investor outreach and education, as well as the number and types of industry papers published. RAM's Chief Executive Officer Foo Su Yin said the recognition therefore embodies his team’s tireless efforts in ensuring that RAM consistently provides timely, independent and reliable opinions to participants in the Malaysian bond market. In the same statement RAM also said it continues to stay at the forefront of Islamic finance as the leading credit rating agency for sukuk, both locally and internationally, and strives to effectively cater to the needs of the Islamic finance fraternity. "Our more recent publications in this field include the Sukuk Snapshot and Sukuk Reflections," it added. -- BERNAMA