MARC has
assigned a final rating of AAAIS to
Islamic Development Bank’s (IsDB) proposed Sukuk Wakalah (Sukuk) issuance of up
to RM400.0 million by Tadamun Services Berhad (Tadamun), a trust established by
IsDB for the purpose of issuing the sukuk. 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 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 IsDB’s
preliminary rating announcement on June 16, 2016. The Credit Analysis Report is
available on MARC’s website at www.marc.com.my.
Contacts:
Afeeq Amiri, +603-2082 2256/ afeeqamiri@marc.com.my;
Sharidan Salleh, +603-2082 2254/ sharidan@marc.com.my.
June 17, 2016
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.