Tuesday, Jun 20, 2017
MARC has assigned a final short-term rating of MARC-2IS to Bina Darulaman Berhad’s (BDB) proposed RM100.0 million Islamic Commercial Papers (ICP) Programme. 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 ICP have not changed in any material way from the draft documentation on which the earlier preliminary rating of MARC-2IS was based.
Full details on the assigned rating have been provided in BDB’s preliminary rating announcement on June 14, 2017. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.
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