MARC has assigned a final rating of AA_IS to BEWG (M) Sdn Bhd’s (BEWG) RM400.0 million Sukuk Wakalah (Sukuk Wakalah). The outlook on the rating is stable.

Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the Sukuk Wakalah have not changed in any material way from the draft documentation on which the earlier preliminary rating of AAIS /Stable was based.

Full details on the assigned rating have been provided in BEWG’s preliminary rating announcement on April 4, 2017. The Credit Analysis Report is available on MARC’s website at www.marconline.com.my.