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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

28 CASH AND CASH EQUIVALENTS (CONTINUED)

The fixed deposits, cash and bank balances are denominated as follows:
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Ringgit Malaysia 150,447 151,404 20,360 34,353
US Dollar 44,231 19,037 - -
AE Dirham 1,243 95 - -
195,921 170,536 20,360 34,353 209

Credit rating profiles of banks in which the fixed deposits have been placed are as follows:

Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
AAA 127,748 138,049 16,688 24,590
AA3 - 5,603 - 4,692
127,748 143,652 16,688 29,282

AAA - A financial institution rated AAA has a superior capacity to meet its financial obligations. This is the highest MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
long-term financial institution rated assigned by RAM Ratings.
AA - A financial institution rated AA has a strong capacity to meet its financial obligations. The financial institution is
resilient against adverse changes in circumstances, economic conditions and/or operating environments.
A - A financial institution rated A has an adequate capacity to meet its financial obligations. The financial institution
is more susceptible to adverse changes in circumstances, economic conditions and/or operating environments
than those in higher-rated categories.
For long-term ratings, RAM Ratings applies subscripts 1, 2 or 3 in each rating category from AA to C. The subscripts 1 indicates
that the financial institution ranks at the higher end of its generic rating category; the subscript 2 indicates a mid-ranking;
and the subscripts 3 indicates that the financial institution ranks at the lower end of its generic rating category.