Thursday, May 12, 2016
MARC has assigned final ratings of MARC-1IS / AA-IS to UEM Sunrise Berhad’s (UEM Sunrise) Islamic Commercial Papers/Islamic Medium-Term Notes Programme (ICP/IMTN Programme) with a combined nominal value of up to RM2.0 billion. The rating outlook is stable.
MARC has reviewed the final documentation of the issuance, and is satisfied that the terms and conditions of the ICP/IMTN Programme have not changed in any material way from the draft documentation on which the earlier preliminary ratings of MARC-1IS /AA-IS was based.
The details on the assigned ratings were provided in UEM Sunrise’s preliminary rating announcement on April 20, 2016. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.
Contacts:
Saifuruddin Othman, +603-2082 2245 / saifuruddin@marc.com.my;
Taufiq Kamal, +603-2082 2251 / taufiq@marc.com.my.