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RAM Ratings assigns AAA(bg) rating to Musteq Hydro’s Sukuk Musharakah

Posted on 23 January 2012

RAM Ratings has assigned an enhanced rating of AAA(bg) to Musteq Hydro Sdn Bhd’s Bank-Guaranteed Sukuk Musharakah of up to RM80 million in nominal value (2012/2022); the long-term rating has a stable outlook.
The enhanced rating reflects the credit strength of the unconditional and irrevocable bank guarantee - in accordance with the Shariah principle of Kafalah - provided by Maybank Islamic Berhad, which carries AAA/P1 ratings from RAM Ratings. (Press Release)

 
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