MARC has affirmed the rating of AAAID on GDC Putrajaya Sdn Bhd’s (GDC Putrajaya) Al-Bai’ Bithaman Ajil Islamic Debt Securities. The rating affirmation reflects the significance of the project in providing the supply of chilled water to all Government premises in Putrajaya; the superior credit strength of the main offtakers, that is the Government and Putrajaya Holdings Sdn Bhd (PJH); and the s...

GDC (Putrajaya) Sdn Bhd’s (GDC Putrajaya) AAAID Islamic debt rating reflects the importance of the project to the efficient operation of the Government’s premises in Putrajaya; superior credit quality of the offtakers (that is, the Government and Putrajaya Holdings Sdn Bhd (PJH)); and the strong backing of the ultimate shareholder, PETRONAS.GDC Putrajaya, a company under the PETRONAS group, wa...