MARC has assigned final ratings of MARC-1IS/AA-IS with a stable outlook to UEM Land Holdings Berhad’s (ULHB) RM2.0 billion Islamic Commercial Paper (ICP) and Islamic Medium Term Notes (IMTN) programmes with a combined nominal value of RM2.0 billion and a sub-limit of RM500 million for the ICP programme. Upon MARC’s review of the final documentation for its forthcoming notes issuance, M...

MARC has assigned preliminary ratings of MARC-1IS /AA-IS to UEM Land Holdings Berhad’s (ULHB) proposed Islamic Commercial Paper (ICP) Programme and Islamic Medium Term Notes (IMTN) Programme with a combined nominal value of RM2.0 billion and a sub-limit on the ICP Programme of RM500 million in nominal value. The rating outlook is stable. The ratings reflect ULHB’s position as a strateg...