MARC has assigned a final rating of AA-_IS with a stable outlook to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme. 

Upon review of the final documentation for the programme, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-_IS was based.

For full details of the assigned rating, please see TG Excellence Berhad’s preliminary rating announcement on January 23, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my. 

Contacts:
Gan Peishi, +603-2717 2948/ peishi@marc.com.my;
Raj Shankar, +603-2717 2956/ rajshankar@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my