MARC has assigned a final rating of AA-IS
to Grand Sepadu (NK) Sdn Bhd’s (Grand Sepadu) issuance of RM210.0 million Sukuk
Murabahah (sukuk). The outlook on the rating is stable.
Upon review of the final documentation of the
issuance, MARC is satisfied that the terms and conditions of the sukuk have not
changed in any material way from the draft documentation on which the earlier
preliminary rating of AA-IS was based.
Full details on the assigned rating have been provided
in Grand Sepadu’s preliminary rating announcement on April 29, 2015. The Credit
Analysis Report is available on MARC’s website at www.marc.com.my.
Contacts: Izyani Saad, +603-2082 2256/ izyani@marc.com.my; David Lee, +603-2082 2255/ david@marc.com.my.
May 20, 2015
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