FW: MARC ASSIGNS FINAL RATING OF AA-IS TO SAJ CAPITAL'S RM650.0 MILLION SUKUK MURABAHAH; 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 AA-IS TO SAJ CAPITAL’S RM650.0 MILLION SUKUK MURABAHAH; OUTLOOK STABLE

 

MARC has assigned a final rating of AA-_IS to SAJ Capital Sdn Bhd’s (SAJ Capital) Sukuk Murabahah of up to RM650 million for up to 12 years. 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 Murabahah have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-_IS was based.

 

For full details of the assigned rating, please see SAJ Capital’s preliminary rating announcement on December 5, 2017. The complete analysis is provided in the Credit Analysis Report which 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

 

January 19, 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.

 

© 2018 Malaysian Rating Corporation Berhad

 

 

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