Published on 05 Jun 2018.
RAM Ratings has withdrawn the respective AAA/Stable and AA2/Stable ratings of Al-‘Aqar Capital Sdn Bhd’s RM272 million Class A and RM55 million Class B Issue 1 Sukuk Ijarah following its full redemption in May 2018 using proceeds raised from the RM575 million Issue 2 Sukuk Ijarah announced by RAM on 26 April 2018. Consequently, we no longer have any rating obligation in respect of the Issue 1 Sukuk Ijarah. We will maintain surveillance of the AAA/Stable and AA2/Stable ratings assigned to Issue 2’s Class A and Class B Sukuk Ijarah, respectively.
Al-‘Aqar Capital is a wholly owned special-purpose vehicle of Al-‘Aqar Healthcare REIT, specifically incorporated to raise funds by issuing Islamic securities via commercial real estate-backed transactions.
Analytical contact
Lim Chern Yit
(603) 7628 1035
Media contact
Padthma Subbiah
(603) 7628 1162
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