KUCHING: RAM Ratings was voted Rating Agency of the Year, Malaysia 2016 by The Asset, a leading publication on Asian financial markets that presented its inaugural Triple A Rating Agency of the Year awards in Hong Kong.
According to a press release, the selection is based on several criteria set by The Asset, such as 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, and the number and types of industry papers published.
”We are very honoured indeed to have received this award, which again affirms the market’s recognition of the values that RAM stands for,” noted Foo Su Yin, chief executive officer of RAM Ratings.
“We have always prided ourselves on our commitment to providing value to all our stakeholders.
“This award therefore embodies our team’s tireless efforts in ensuring that we consistently provide timely, independent and reliable opinions to the participants in the Malaysian bond market,” Foo added.
RAM has been the leader in the domestic and Asean credit rating industries for more than two decades, having rated numerous ‘firsts’ in innovative and landmark sukuk transactions, 80 per cent of the IPPs and 95 per cent of the financial institutions in Malaysia, some of the top 10 global plantation companies, and 31 foreign entities in 15 countries.
On a related note, RAM 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.