MARC has assigned a final rating of AAIS to
Sime Darby Berhad’s (Sime Darby) RM3.0 billion Perpetual Subordinated Sukuk
Programme (Perpetual Sukuk). The rating outlook is negative.
Upon review of the final documentation of the issuance, MARC is
satisfied that the terms and conditions of the Perpetual Sukuk have not changed
in any material way from the draft documentation on which the earlier
preliminary rating of AAIS was based.
Full
details on the assigned rating have been provided in Sime Darby’s preliminary
rating announcement on February 11, 2016. The Credit Analysis Report is
available on MARC’s website at www.marc.com.my.
Contacts:
Saifuruddin Othman +603-2082 2245 / saifuruddin@marc.com.my,
Cheah Wan Kin +603-2082 2232 / wankin@marc.com.my,
Taufiq Kamal, +603-2082 2251 / taufiq@marc.com.my.
March
14, 2016
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