Standard & Poor’s acquires additional stake in RAM Holdings Berhad
Friday, 23 August 2013 00:00
Kuala Lumpur: Standard & Poor’s Ratings Services, one of the world’s leading provider of credit ratings, announced that it has acquired an additional 1.2% stake in RAM Holdings Berhad (RAM).
This acquisition increases Standard & Poor’s shareholding in RAM to 6.1%. Standard & Poor’s acquired an initial 4.9% stake in RAM in November 2011.
The further expansion of its minority stake in RAM demonstrates Standard & Poor’s ongoing commitment to ASEAN capital markets, including Malaysia.