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RAM Ratings assigns AAA/stable/P1 claims-paying ability ratings to Etiqa Takaful, with preliminary AA1/stable rating for proposed subordinated sukuk
07 April 2014 RAM Ratings has assigned AAA/stable/P1 claims-paying ability (CPA) ratings to Etiqa Takaful Berhad (ETB or the Company). Concurrently, we have assigned a preliminary rating of AA1/stable to the Company's proposed Subordinated Sukuk Musharakah Facility of up to RM300 million (Subordinated Sukuk).ETB is the largest takaful operator (out of 11) in Malaysia, with a strong franchise. The
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