FW: MARC WITHDRAWS RATINGS ON RANHILL CAPITAL’S RM800 MILLION SUKUK MUSHARAKAH PROGRAMME

 

 

 

P R E S S  A N N O U N C E M E N T

 

FOR IMMEDIATE RELEASE

 

MARC WITHDRAWS RATINGS ON RANHILL CAPITAL'S RM800 MILLION SUKUK MUSHARAKAH PROGRAMME

 

MARC has withdrawn its AAA_IS(bg) and AAA_IS(fg) ratings on Ranhill Capital Sdn Bhd's (RCSB) RM300 million bank-guaranteed (Tranche 1) and RM500 million Danajamin-guaranteed (Tranche 2) Sukuk Musharakah facilities respectively. The ratings carry a stable outlook. The ratings withdrawal follows the early redemption of the total outstanding notes of RM540 million under the tranches and the subsequent cancellation of the facilities as confirmed by the facility agent.

 

The outstanding notes were redeemed from proceeds from the RM650.0 million Sukuk Murabahah issuance by RCSB's wholly-owned subsidiary SAJ Capital Sdn Bhd, on which MARC maintains a AA‑_IS/Stable rating. For details on the Sukuk Murabahah, please see MARC's rating announcement on December 5, 2017.

 

 

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

 

February 14, 2018

 

 

 

[This announcement is available in MARC's 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.

 

 

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