Malaysian Rating Corp Bhd (MARC) has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Capital) asset-backed RM180mil Class A and RM30mil Class B sukuk Ijarah respectively.
The outlook on the ratings is stable. The rating agency said Tradewinds Capital, a unit of Tradewinds Plantation Bhd (Tradewinds), was set up to issue the sukuk Ijarah through a sale and leaseback agreement for a collateral portfolio comprising 12 oil palm estates and three palm oil mills………………………………………..Full Article: Source