Professional Ancillary Services
RAM Rating Services Berhad
RAM Rating Services Berhad is a leading Malaysian and ASEAN rating agency with a global profile in sukuk and Islamic financial ratings, consistently recognised by GIFA and regional Islamic finance award platforms having rated a suite of global and domestic first Islamic sukuk structure. It is also part of the broader RAM Group of companies under RAM Holdings Berhad. Together with its sister company, RAM Sustainability Sdn Bhd, which anchors the group’s ESG and sustainable/Islamic finance credentials, RAM Group plays a key market role in supporting Malaysia’s sukuk and broader sustainable and Islamic capital market development.
Area of Services
Sukuk ratings, including Islamic MTN, SRI/ESG-linked sukuk and Islamic financing programmes across corporates, financial institutions. infrastructure projects and structured finance transactions.
RAM Ratings regularly publishes research reports on the bond and sukuk market, and special sector insight reports on financial institutions and the insurance sector, with special highlights on Islamic banks and takaful operators. RAM Ratings’ CRO is also the IFN country correspondent, a leading Islamic finance market newsletter.
Awards/Accolades/Achievements
2025
- GIFA Championship Award (Islamic Financial Ratings) 2025, awarded to RAM Ratings
2024
- GIFA Championship Award (Islamic Financial Ratings) 2024, awarded RAM rating
- FocusEconomics Analyst Forecast Awards 2024, securing top honours in two categories for macroeconomic and market forecasting
2023
- GIFA Power Award (Islamic Ratings) 2023, awarded to RAM Ratings
2022
- GIFA Power Award (Islamic Ratings) 2022, awarded to RAM Ratings
- FocusEconomics Analyst Forecast Awards 2022, securing third placing
- The Asset Triple A Islamic Finance Awards 2022 for Best Islamic Rating Agency (Malaysia), awarded to RAM Ratings
- The Asset Triple A Best ASEAN Green SRI Sukuk to RAM Sustainability for its role in Cenergi SEA Berhad’s dual-tranche ASEAN Green SRI Wakalah sukuk
2021
- GIFA Power Award (Islamic Ratings) 2022, awarded to RAM Ratings
2020
- Second runner-up for Best Islamic Rating Agency by Islamic Finance News, awarded to RAM Ratings
2019
- Second runner-up for Best Islamic Rating Agency by Islamic Finance News, awarded to RAM Ratings
2018:
- Best Rating Agency by CPI Financials, awarded to RAM Ratings
2017
- Best Rating Agency by CPI Financial awarded to RAM Ratings
- The Asset Triple A Awards for Rating Agency of the Year, Malaysia awarded to RAM Ratings
2016
- Best Islamic Rating Agency 2016 by Islamic Finance News, awarded to RAM Ratings
- The Asset Triple A Awards for Rating Agency of the Year, Malaysia awarded to RAM Ratings
2015
- The Asset Triple A Awards for Rating Agency of the Year, Malaysia awarded to RAM Ratings
2013
- Most Outstanding Islamic Rating Agency 2013 by Kuala Lumpur Islamic Finance Forum, awarded to RAM Ratings
2012
- Best Islamic Rating Agency 2012 by Global Islamic Finance Awards, London, UK, awarded to RAM Ratings
2011
- Best Islamic Rating Agency by Islamic Finance News, awarded to RAM Ratings
- Best Research in Islamic Finance 2011 by CPI Financials, Dubai, awarded to RAM Ratings
- Most Outstanding Credit Rating Agency for Sukuk 2011 by Kuala Lumpur Islamic Finance Forum, awarded to RAM Ratings
2002
- Polled as the most influential rating agency in the region by The Edge
1997
- Recognised by the Asian Development Bank as the best domestic rating agency in the APEC region
Contact details
RAM Rating Services Berhad
Level 8, Mercu 2, KL Eco City,
No, 3 Jalan Bangsar,
59200 Kuala Lumpur
www.ram.com.my
Sakinah Ariffin
Vice President, Corporate Communications
T +603 2708 8212
E [email protected]
Siew Suet Ming
Deputy CEO and Chief Rating Officer
T +603 2708 8308
E [email protected]
Nur Rasyidah
Executive, Economics & Research
T +603 2708 8208
E [email protected]
