Wednesday, Nov 08, 2023
MARC Ratings has assigned a final rating of AA-IS/Stable to OCK Group Berhad’s (OCK) proposed RM400 million Tranche 1 to be issued under a proposed RM700 million 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 on which the preliminary rating was based.
For full details on the assigned rating, please see OCK’s preliminary rating announcement dated September 5, 2023. The complete analysis is provided in the Credit Analysis Report which is available here.
Contacts:
Tan Weng Kit, +603-2717 2961/ wengkit@marc.com.my
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my