RAM Ratings has assigned respective enhanced long- and short-term ratings of AAA(bg) and P1(bg) to Aspion Sdn Bhd’s (”Aspion” or “the Group”) RM150 million Islamic Commercial Papers/Islamic Medium-Term Notes Programme (2012/2018) (”ICP/IMTN” or “Sukuk”); the long-term rating has a stable outlook.
The enhanced ratings reflect the unconditional and irrevocable guarantee extended by Maybank Islamic Berhad, which improves the credit profile of the Sukuk beyond Aspion’s stand-alone credit profile. (Press Release)