Monday, Oct 30, 2017
MARC has assigned a final short-term rating of MARC-1IS to Titijaya Land Berhad’s (Titijaya) RM150.0 million Islamic Commercial Papers (ICP) Programme. The outlook on the rating is stable.
Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the ICP Programme have not changed in any material way from the draft documentation on which the earlier preliminary rating of MARC-1IS was based.
Full details on the assigned rating have been provided in Titijaya’s preliminary rating announcement on August 23, 2017. The Credit Analysis Report is available on MARC’s website at www.marconline.com.my.
Contacts:
Hari Vijay, +603-2717 2937/ harivijay@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my.