23.01.2012 - RAM Ratings assigns AAA(bg) rating to Musteq Hydro's Sukuk Musharakah
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)