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S&P ups stake in Malaysia’s RAM Ratings

Officials from K. Seeds Investments Pvt Ltd (at left) with officials from Commercial Credit and Finance PLC (at right)

Aug 22, 2013 (LBO) - US-based Standard and Poor's Rating Services said it had increased a stake in RAM Holdings Berhad of Malaysia, the parent of RAM Ratings. S&P has raised its stake to 1.2 percent to 6.1 percent.

S&P had first bought into RAM in 2011 with a 4.9 percent stake.

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