Puncak Alam Housing Sdn Bhd’s (PAH) rating has been upgraded to AID (single A, Islamic Debt), in view of the strength of the underlying issue structure, the advanced stage of completion for Phase II and Phase III of the Bandar Baru Puncak Alam project which have been earmarked for the redemption of the issue, and the remaining billings to date which more than covers the balance of funds to be ac...

Malaysian Rating Corporation Berhad (MARC) has affirmed the long-term Islamic corporate debt rating of A-ID (A minus, Islamic Debt Securities) of Puncak Alam Housing Sdn Bhd’s (PAH) RM75 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) facility. The rating affirmation reflects the strength of the underlying issue structure, with the BaIDS issue backed by secured sales from speci...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term Islamic corporate debt rating of A-ID (A minus, Islamic Debt Securities) to Puncak Alam Housing Sdn Bhd’s (PAH) RM75 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) facility. The rating reflects the strength of the underlying issue structure, with the BaIDS issue backed by secured sales from specific property d...