MARC upholds AAA rating on Danajamin Nasional Berhad.
BANKING AND CREDIT NEWS-25 August 2010-MARC upholds AAA rating on Danajamin Nasional Berhad(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
25 August 2010 - Malaysian rating agency MARC today maintained its AAA insurer financial strength rating with a "stable" outlook on Danajamin Nasional Berhad.
The rating and outlook reflect Danajamin's key function as Malaysia's first and sole financial guarantee insurer and its status as a government-sponsored entity. Danajamin was founded to facilitate market access for investment-grade domestic issuers of private debt securities. Its role in broadening the domestic bond market and its majority government ownership increase the likelihood of federal support for the company, MARC noted.
The top-tier rating also incorporates the company's solid capital base, ample liquidity and conservative investment policy.
((Comments on this story may be sent to email@example.com))