MARC Ratings has upgraded its rating on Point Zone (M) Sdn Bhd’s Sukuk Wakalah Programme to AAIS(cg) from AA-IS(cg) and accordingly revised the rating outlook to stable from positive. The rating reflects the credit strength of Point Zone’s parent KPJ Healthcare Berhad (KPJ) which has provided an unconditional and irrevocable guarantee on the sukuk programme. The upgrade reflects KPJ’s s...

MARC Ratings has affirmed its AA-IS(cg) rating on Point Zone (M) Sdn Bhd’s Sukuk Wakalah Programme guaranteed by KPJ Healthcare Berhad (KPJ). The rating outlook has been revised to positive from stable. Point Zone is a funding conduit set up by KPJ solely for the purpose of issuing the sukuk. The rating reflects the credit strength of KPJ by virtue of the corporate guarantee.The positive outlook...

MARC Ratings has affirmed its rating of AA-IS(cg) on Point Zone (M) Sdn Bhd’s (Point Zone) Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM3.0 billion with a stable outlook. Point Zone is a funding vehicle of parent KPJ Healthcare Berhad (KPJ) which has given a corporate guarantee on the Sukuk Wakalah programme. Total outstanding under the sukuk programme currently stands at RM650...

MARC Ratings has assigned a final rating of AA-IS(CG) to Point Zone (M) Sdn Bhd’s Islamic Medium-Term Notes (Sukuk Wakalah) programme of RM3.0 billion 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 w...

MARC Ratings has assigned a preliminary rating of AA-IS(CG) to Point Zone (M) Sdn Bhd’s proposed Islamic Medium-Term Notes (Sukuk Wakalah) programme of up to RM3.0 billion with a stable outlook. The rating reflects the credit strength of KPJ Healthcare Berhad (KPJ Healthcare) on the basis of a corporate guarantee it will provide on the Sukuk Wakalah programme. Point Zone is a wholly-owned specia...