MARC has assigned a final rating of AA- to Segi Astana Sdn Bhd’s (Segi Astana) ASEAN Green Medium-Term Notes facility (MTN facility) of up to RM415.0 million. 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 have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-/Stable was based.

For full details of the assigned rating, please see Segi Astana’s preliminary rating announcement on December 18, 2017. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.

Contacts:
Wan Abdul Muiz Wan Abdul Ghafar, +603 2717 2939 / muiz@marc.com.my;
Yap Lai Ken, +603 2717 2947 / laiken@marc.com.my.