Thursday, Jul 30, 2020
MARC has assigned a final rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) 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 MRCB’s preliminary rating announcement on June 15, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.
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 MRCB’s preliminary rating announcement on June 15, 2020. 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;
Gan Peishi, +603-2717 2948/ peishi@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my