MARC has assigned a final rating of AA-_IS with a stable outlook to Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) proposed RM1.9 billion Sukuk Murabahah Programme.

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation which was used for the preliminary rating assessment. 

For full details of the assigned rating, please see PTP’s preliminary rating announcement on May 12, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.

Contacts:

Raj Shankar, +603-2717 2956/ rajshankar@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my