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 AAAIS(fg) TO MASTEEL'S RM130.0 MILLION GUARANTEED SUKUK IJARAH PROGRAMME
MARC has assigned a final rating of AAAIS(fg) to Malaysia Steel Works (KL) Bhd's (Masteel) RM130.0 million Sukuk Ijarah 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 have not changed in any material way from the draft documentation on which the earlier preliminary rating of AAAIS(fg) /Stable was based.
For full details of the assigned rating, please see Masteel's preliminary rating announcement on October 26. 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; Wan Abdul Muiz Wan Abdul Ghafar, +603-2717 2939/ muiz@marc.com.my.
November 23, 2018
[This announcement is available in MARC's corporate website 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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