MARC has withdrawn the AAAIS ratings assigned to Sacofa Sdn Bhd and Sarawak Gateway Sdn Bhd’s RM160 million Sukuk Istisna and RM240 million Sukuk Ijarah, respectively with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...

MARC has removed its AAAIS ratings on Sacofa Sdn Bhd’s (Sacofa) and Sarawak Gateway Sdn Bhd’s RM160.0 million Sukuk Istisna’ and RM240.0 million Sukuk Ijarah (collectively referred to as the Sukuk) respectively from MARCWatch Developing where it has been placed since November 21, 2008 and affirmed both ratings with a developing outlook. The affirmation was premised on Sacofa’s compliance w...

MARC has placed Sacofa Sdn Bhd’s (Sacofa) RM160.0 million Sukuk Istisna and its special purpose subsidiary, Sarawak Gateway Sdn Bhd’s (Sarawak Gateway) RM240.0 million Sukuk Ijarah (collectively referred to as the Sukuk) rated AAAIS on MARCWatch Developing. The MARCWatch placement incorporates the planned refinancing of the Sukuk and the indulgence granted by Sukukholders in connection...

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...

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...