18.02.2013 - RAM reaffirms ratings on Binariang GSM sukuk
RAM Ratings Services Bhd has reaffirmed the respective AA3/P1 and A2 ratings of Binariang GSM Sdn Bhd’s senior sukuk and junior sukuk ratings. “We have maintained the negative outlook on both long-term ratings,” it said. Binariang GSM’s senior sukuk consists of its RM19bil Islamic medium-term notes programmes and RM2bil Islamic commercial papers programme. The junior sukuk, meanwhile, refers to the group’s US$900mil (RM2.78bil) cumulative non-convertible Islamic junior sukuk...............................................Full Article: Source
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