No Ratings Impact On Public Bank Over LPI Capital Acquisition: RAM
RAM Ratings does not expect Public Bank Berhad’s (the Group) proposed acquisition of a 44.15% stake in LPI Capital Berhad (LPI) to impact the AAA/Stable/P1 financial institution ratings of the Group and its core subsidiary, Public Islamic Bank Berhad. Last affirmed in June 2024, RAM said the ratings are anchored on the Group’s robust asset […]