KUALA LUMPUR: MNRB Holdings Bhd

has had the AA3 and A1 ratings on its RM420 million senior sukuk and subordinated sukuk, respectively, reaffirmed by RAM Rating Services Bhd.

RAM also reaffirmed the ratings of AA2/P1 and AA3 for the insurer financial strength ratings and the RM250 million subordinated medium-term note programme, respectively, for MNRB’s unit, Malaysian Reinsurance Bhd (Malaysian Re).