MARC has reaffirmed its AAAID /MARC-1ID ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances. The facilities affected by this rating action are: RM765 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2010)RM570 million BBA Bonds Issuance Facility (due 2013)RM850 million BBA Bonds Issuance Facility (due 2013)RM850 million BBA Serial Bonds Issuance Facility (due 201...

Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debts’ ratings have been maintained at AAAID /MARC-1ID with a stable outlook premised on the strength of PJH’s financials and robust cash flows from consistent sub-lease rental collection from a strong off taker i.e. The Government of Malaysia (GOM).PJH is the concessionaire and developer of Putrajaya on a privatised basis. Under a Con...

The Islamic debt ratings of MARC-1ID/AAAID assigned to Putrajaya Holdings Sdn Bhd’s (“PJH”) proposed RM1.5 billion Murabahah Commercial Papers/Medium Term Notes (“CP/MTN”) Programme reflects PJH’s solid capitalization underlined by the strong set of shareholders, exceptionally strong financial flexibility and the strategic importance of PJH in the development ...

The reaffirmation of Putrajaya Holdings Sdn Bhd’s (PJH) issuer and Islamic debt ratings are based on the solid capitalization underlined by the formidable set of shareholders and the exceptionally strong financial flexibility. Notwithstanding, it is complemented by the strength of the issue structures where repayment of the corporate debt securities are secured by specific take out sources...

The long term Islamic debt rating of AAAID assigned to Putrajaya Holdings Sdn Bhd’s (“PJH”) proposed RM2.2 billion Islamic Medium Term Notes (“IMTN”) Programme reflects its solid capitalization backed by the strong set of shareholders; exceptionally strong financial flexibility; and the strategic importance of PJH in the development of Putrajaya as the nation’...

The reaffirmation of Putrajaya Holdings Sdn Bhd’s (PJH) issuer and Islamic debt ratings reflects the strength of the issue structures which are secured by specific take out sources in the form of assigned sub-lease rental income streams in respect of Government buildings that form the primary source of repayment for the Islamic debt securities issued by the company; the strategic importanc...

Putrajaya Holdings Sdn Bhd’s (PJH) proposed RM1,500 million Murabahah Notes Issuance Facility comprising Medium Term Notes (MUNIF) has been assigned a long term rating of AAAID. The Islamic debt rating reflects PJH’s issuer rating, based upon its solid capitalization supported by a superior set of shareholders, exceptional financial flexibility and importance of the company in the d...