Press Releases MARC RATINGS ASSIGNS FINAL RATING OF AA-IS(cg) TO ECO WORLD CAPITAL’S PROPOSED RM1.2 BILLION SUKUK WAKALAH PROGRAMME

Friday, Oct 21, 2022

MARC Ratings has assigned a final rating of AA-IS(cg) to Eco World Capital Berhad’s proposed Islamic Medium-Term Notes (Sukuk Wakalah) programme of RM1.2 billion. The rating carries 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 on the assigned rating, please see Eco World Capital’s preliminary rating announcement dated September 8, 2022. The complete analysis is provided in the Credit Analysis Report which is available here. 

Contacts:
Yazmin Abdul Aziz, +603-2717 2948/ yazmin@marc.com.my
Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my