MARC has affirmed the ratings on Sunway Berhad’s (Sunway) RM2.0 billion 7-year (2013-2020) CP/MTN programme at MARC-1/AA-. Concurrently, MARC has affirmed the ratings of the RM2.0 billion 7-year (2015-2022) ICP/IMTN sukuk programme issued by Sunway Treasury Sukuk Sdn Bhd (STSSB) at MARC-1IS(cg) /AA-IS(cg). STSSB is a special purpose funding vehicle which is wholly-owned by Sunway, where...

MARC has assigned ratings on Sunway group’s existing debt and sukuk as follows: RM2.0 billion 7-year (2013-2020) CP/MTN programme issued by Sunway Berhad at MARC-1/AA-; and RM2.0 billion 7-year (2015-2022) ICP/IMTN Sukuk programme issued by Sunway Treasury Sukuk Sdn Bhd (STSSB) with Al-Kafalah guarantee from Sunway Berhad at MARC-1IS(cg) /AA-IS(cg). The ou...