Monday, October 30, 2017

FW: MARC ASSIGNS FINAL RATING OF MARC-1IS TO TITIJAYA'S RM150.0 MILLION ISLAMIC CP PROGRAMME; OUTLOOK STABLE

 

 

 

P R E S S  A N N O U N C E M E N T

 

FOR IMMEDIATE RELEASE

 

MARC ASSIGnS FINAL RATING OF MARC-1IS TO TITIJAYA’s RM150.0 MILLION ISLAMIC CP PROGRAMME; OUTLOOK STABLE

 

MARC has assigned a final short-term rating of MARC-1IS to Titijaya Land Berhad’s (Titijaya) RM150.0 million Islamic Commercial Papers (ICP) Programme. 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 ICP Programme have not changed in any material way from the draft documentation on which the earlier preliminary rating of MARC-1IS was based.

 

Full details on the assigned rating have been provided in Titijaya’s preliminary rating announcement on August 23, 2017. The Credit Analysis Report is available on MARC’s website at www.marconline.com.my.

 

 

Contacts: Hari Vijay, +603-2717 2937/ harivijay@marc.com.my; Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my

 

October 30, 2017

 

 

 

[This announcement is available in the MARC corporate homepage at http://www.marc.com.my]

--- DISCLAIMER ---

This communication is provided by Malaysian Rating Corporation Berhad (MARC) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.

 

© 2017 Malaysian Rating Corporation Berhad

 

 

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