Monday, Feb 28, 2022
MARC Ratings has assigned a final rating of A+IS to YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) of up to RM700 million with a stable outlook.
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 on which the preliminary rating was based.
For full details of the assigned rating, please see YNH’s preliminary rating announcement on November 26, 2021. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.
Contacts:
Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my
Umar Abdul Aziz, +603-2717 2962/ umar@marc.com.my
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my