MARC has assigned a final rating of AAAIS with a stable outlook to Celcom Transmission (M) Sdn Bhd's (CTX) RM5.0 billion in nominal value Sukuk Programme upon the receipt of final documentation for its forthcoming issuance. The terms and conditions of the Sukuk Programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based. Full d...

MARC has assigned a preliminary rating of AAAIS with a stable outlook to Celcom Transmission (M) Sdn Bhd's (CTX) proposed RM5.0 billion nominal value Sukuk Programme. Proceeds from the sukuk offering will be largely used to retire existing debt of RM4.2 billion. CTX is a core subsidiary of the Celcom Axiata Berhad (Celcom) Group, Malaysia's second largest wireless service provider.The rating refle...