Published on 07 March 2013
Following the full redemption of
Gulf Investment Corporation GSC’s (“GIC”) RM600 million Senior Unsecured Bonds
on 5 February 2013, RAM Ratings no longer has any rating obligation on the said
debt facility, and the AAA rating on the instrument is no longer applicable.
In the meantime, RAM will
maintain surveillance on GIC’s AAA/P1 financial institution ratings as well as
the AAA ratings of its RM400 million Senior Unsecured Bonds (2008/2023) and the
securities issued under its RM3.5 billion Sukuk Wakalah bi Istithmar Programme
(2011/2031). All the long-term ratings have a stable outlook.
Media contact
Joanne Kek
(603) 7628 1163
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