MARC International has reaffirmed the rating of First Global Sukuk Inc.’s Serial Islamic Lease Sukuk Issuance of up to USD368 million at A-IS, reflecting Kumpulan Guthrie Berhad’s (as the lease paymaster) strong position as one of the country’s leading plantation players cum property developer with vast land banks in Malaysia and Indonesia; strong financial flexibility and the anticipation o...

MARC International has upgraded the rating of First Global Sukuk Inc.’s Serial Islamic Lease Sukuk Issuance of up to USD368 million from BBB+IS to A-IS, reflecting the improved performance of Kumpulan Guthrie Berhad (Guthrie)’s palm oil operations, which contributed positively to its financial results during the period under review coupled with continued positive contributions from its success...