Peremba Jaya Holdings Sdn Bhd’s (PJHSB) RM200 million Murabahah Underwritten Notes Issuance Facility (MUNIF)/ Murabahah Medium Term Notes (MMTNs) facility’s long term rating has been downgraded to A-ID from AID whilst the short term rating is affirmed atMARC-2ID. The ratings have also been placed on MARCWatch with a Negative Outlook. The rating actions reflect the group&r...

The rating of AID/ MARC-2ID (A flat, Islamic Debt) assigned to Peremba Jaya Holdings Sdn Bhd’s (PJHSB) (a subsidiary of PECD Berhad) RM200 million MUNIF/MMTN facility reflects the strength of the security arrangement, whereby specific assignments of proceeds in respect of the government quarters contracts under Precinct 11 will serve as the funding source for the redemption of the notes is...