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RAM Ratings assigns preliminary AAA/P1 ratings to Malaysia Airports’ sukuk

Posted on 06 August 2010

RAM Ratings has assigned respective preliminary long- and short-term ratings of AAA (stable outlook) and P1 to Malaysia Airports Capital Berhad’s (MACB or the Issuer) proposed Islamic Medium-Term Notes Programme (2010/2025) of up to RM3.10 billion in nominal value and proposed Islamic Commercial Paper Programme (2010/2017) of up to RM1 billion in nominal value; both facilities have a combined limit of RM3.10 billion in nominal value and are collectively referred to as “the Proposed Sukuk”.
MACB is a special-purpose vehicle set up as a wholly owned subsidiary of Malaysia Airports Holdings Berhad (MAHB or the Group), to undertake the issuance of the Proposed Sukuk for the latter……………………………………….Full Press Release: Source

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