Page 84 - EXIM-BANK-AR20

82 EXIM BANK MALAYSIA
Annual Report 2020

DIRECTORS’ REPORT

SIGNIFICANT AND SUBSEQUENT EVENTS
(a) Rating agencies, Moody’s Investors Service, Fitch Ratings and RAM Ratings have reaffirmed the Bank’s rating during their
annual review as follows:

Rating agencies Date Ratings

Moody’s Investors Service 4 February 2021 Long-term Foreign Currency Issuer: A3
Senior Unsecured Rating: A3
Long-term Ratings (Exim Sukuk Malaysia Berhad): A3
Outlook: Stable

Fitch Ratings 15 December 2020 Long-term Foreign Currency Issuer Default Rating: BBB+
Support Rating: 2
Support Rating Floor: BBB+
Senior Unsecured Notes: BBB+
Outlook: Stable

RAM Ratings November 2020 National Ratings (Long-term) : AAA, (Short-term) : P1
ASEAN Ratings (Long-term) : seaAAA, (Short-term) : seaP1
Global Ratings (Long-term) : gA2, (Short-term) : gP1
Long-term Global Scale Rating (Exim Sukuk Malaysia Berhad): gA2(s)
Outlook: Stable
There have been no significant adjusting events subsequent to the financial year ended 31 December 2020.

AUDITORS AND AUDITORS’ REMUNERATION
The auditors, Ernst & Young PLT, have expressed their willingness to continue in office.

Auditors’ remuneration are disclosed in Note 29 to the financial statements.
Signed on behalf of the Board in accordance with a resolution of the Directors.

Dato’ Wong Lee Yun Datuk Dr. Syed Muhamad Syed Abdul Kadir
28 May 2021