S&P’s buys additional stake in RAM Holdings Berhad
Tuesday, 22 October 2013 00:35
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Standard & Poor’s Ratings Services (Standard & Poor’s), one of the world’s leading providers of credit ratings, has acquired an additional 2.1% stake in RAM Holdings Berhad (RAM).
This acquisition increases Standard & Poor’s shareholding in RAM to 8.2%. Standard & Poor’s acquired an initial 4.9% stake in RAM in November 2011 and another 1.2% stake in August 2013.
The further expansion of its minority stake in RAM demonstrates Standard & Poor’s ongoing commitment to ASEAN capital markets, including Malaysia.
