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MARC has withdrawn the AAAIS ratings assigned to Sacofa Sdn Bhd and Sarawak Gateway Sdn Bhd’s RM160 million Sukuk Istisna and RM240 million Sukuk Ijarah, respectively with immediate effect following confirmation by the trustee, Amanah Raya Trustees Berhad, of an early cancellation of the facility on March 6, 2009, ahead of its original maturity date on November 18, 2014. Contacts: Azlin...
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MARC has reaffirmed the ratings of Sacofa Sdn Bhd’s (SACOFA) and its special purpose subsidiary, Sarawak Gateway Sdn Bhd’s (Sarawak Gateway) RM160.0 million Sukuk Istisna’ and RM240.0 million Sukuk Ijarah at AAAIS. The negative outlook on the ratings has been maintained. The affirmed ratings reflect SACOFA’s exclusive rights in developing, owning and managing telecommunicat...
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MARC has affirmed Sacofa Sdn Bhd’s (SACOFA) and its special purpose subsidiary, Sarawak Gateway Sdn Bhd’s (Sarawak Gateway) RM160.0 million Sukuk Istisna’ and RM240.0 million Sukuk Ijarah at AAAIS respectively with a negative outlook. The strong ratings reflect, amongst others, majority state-owned Sacofa’s strategic position as sole developer, owner and manager of telecomm...
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