Boost becomes first digital financier in Malaysia to get investment-grade rating upgrade to AAA by RAM

📆 7/11/2023 9:46 PM
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Boost, the fintech arm of axiata recently achieved a milestone by becoming the first digital financier in Malaysia to be upgraded to the highest investment-grade issue rating of AAA by RAM Rating.

First fintech in Malaysia to receive highest possible issue ratingBoost, the fintech arm of Axiata, recently achieved a milestone by becoming the first digital financier in Malaysia to be upgraded to the highest investment-grade issue rating of AAA by RAM Ratings. The upgrade is based on its Senior Notes’ fully cash-backed position.

“We are thrilled to once again raise the bar for the fintech industry, and it’s an honour to receive further market validation for the quality of our financing portfolio. This upgraded rating serves as a strong endorsement to our digital financial services, which has been positively operating at scale.

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