MARC Ratings has assigned final ratings of AA-(cg)/MARC-1(cg) to Moneymax Treasure Sdn Bhd’s (MTSB) RM200.0 million Tranche 1 (including RM50.0 million Commercial Papers sub-limit) under its RM500.0 million Commercial Papers/ Medium-Term Notes (CP/MTN) Programme. The rating outlook is stable. The facility is jointly and severally, irrevocably and unconditionally guaranteed by Cash Online Sdn Bhd and its Singapore-listed parent, MoneyMax Financial Services Limited.
The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary ratings were based.
For full details on the assigned ratings, please see MTSB’s preliminary rating announcement dated 11 May 2026. The complete analysis is provided in the Credit Analysis Report which is available here.







