MARC has affirmed its rating of AAAIS/Stable on Midciti Sukuk Berhad’s (MSB) RM880 million Islamic Medium-Term Notes Programme (Sukuk Programme) and subsequently withdrawn the rating following the early redemption of the outstanding sukuk on April 25, 2014.MSB is a wholly-owned funding vehicle of KLCC Real Estate Investment Trust (KLCC REIT), which owns PETRONAS Twin Towers, Menara 3 Petrona...

MARC has assigned a rating of AAAIS to Midciti Sukuk Berhad's (MSB) RM880 million Islamic Medium Term Notes Programme (Sukuk Programme). The outlook on the rating is stable. MSB’s RM880 million Sukuk Programme represents a novation of Midciti Resources Sdn Bhd’s (Midciti Resources) former IMTN programme of the same amount; the outstanding sukuk novated under the rated programme amounts...