19.02.2013 - RAM reaffirms Binariang GSM’s sukuk ratings
Malaysia’s RAM Ratings has reaffirmed the respective AA3/P1 and A2 ratings of Binariang GSM Sdn Bhd’s (“BGSM” or “the Group”) Senior Sukuk and Junior Sukuk. We have maintained the negative outlook on both long-term ratings. The Senior Sukuk consists of BGSM’s RM19 billion Islamic Medium-Term Notes Programme and RM2 billion Islamic Commercial Papers Programme. The Junior Sukuk refers to the Group’s US$900 million (RM2.78 billion) Cumulative Non-Convertible Islamic Junior Sukuk...........................................Full Article: Source
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