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RAM upgrades Golden Crop sukuk ratings

Posted on 02 July 2012

RAM Ratings Services Bhd has reaffirmed the AAA ratings on Golden Crop Returns Bhd’s Series 1 and Series 2 Sukuk Al-Ijarah and upgraded the third, fourth and fifth series sukuk to AAA, AA1 and AA2, respectively.
RAM Ratings, in a statement, said the upgrade was premised on the corresponding sukuk’s improved collateral support after an adjustment in the rating firm’s valuation approach for commercial real estate-backed transactions involving oil-palm plantations………………………………………..Full Article: Source

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