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Rating action MARC has assigned a rating of AA+IS to UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes Programme (Sukuk Musharakah). Concurrently, UMW’s RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk) has been assigned a rating of AA-IS with the two-notch rating differential between the two programmes being in line with MARC’s methodology on not...
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