Page 230 - KWAP_Integrated-Report_2023

enricHing national Progress ENRICHING SUSTAINABLE RETURNS

notes to tHe financial statements

for the year ended 31 december 2023

34. FiNANCiAL RiSK (CONTiNUED)
(d) Credit risk (continued)

(iii) Credit quality (continued)

ii. Short Term Rating For Payment Of Short Term Financial Obligations
Domestic Credit Rating Definition Of Quality Classifications
strong p1/marc1 strong ability to meet financial obligations
moderate p2/marc2 adequate ability to meet financial obligations
international Credit Rating Definition Of Quality
strong a1/p1/f1 strong ability to meet financial obligations
moderate a2/p2/f2 adequate ability to meet financial obligations

iii. Non-Rated Financial Assets
financial assets without external credit rating.

iv. impaired

impaired exposure which is assessed individually based on KWap’s investment policies.
the credit quality of financial assets can be assessed by reference to the internal rating system adopted by
the group and KWap.
a. debt intruments at amortised cost

12-months Lifetime Lifetime
expected expected expected
credit loss credit losses credit losses
Not credit Credit
impaired impaired
RM’000 RM’000 RM’000

2023
aaa 2 - -
aa 243 - -

2022
aa 1 - -
bbb 1 - -

228 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INTEGRATED REPORT 2023