MARC has assigned a final rating of AIS to DRB-HICOM Berhad’s (DRB-HICOM) Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. The outlook for the rating is stable.  
 
Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Perpetual Sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating of AIS was based.

Full details on the assigned rating have been provided in DRB-HICOM’S preliminary rating announcement on November 3, 2014. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.

Contacts:
Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my;
Taufiq Kamal, +603-2082 2251/ taufiq@marc.com.my.