MARC has assigned a final
rating of AAAIS to Putrajaya Holdings Sdn Bhd’s (PJH)
RM370 million 15-year Sukuk Musharakah 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 Sukuk Musharakah programme have not changed in any material way from the
draft documentation on which the earlier preliminary rating of AAAIS
was based.
Full details on the assigned
rating have been provided in PJH’s preliminary rating announcement on January
19, 2015. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.
Contacts: Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my; Taufiq Kamal,
+603-2082 2251/ taufiq@marc.com.my.
April 13, 2015
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