| RAM Rating Services Bhd has assigned final ratings to Al-'Aqar Capital Sdn Bhd's proposed Issue 1 to be issued under its RM1bil Sukuk Ijarah programme. In a statement, RAM Ratings said it had assigned AAA rating with a stable outlook for the RM272mil Class A Sukuk Ijarah and AA2 with a stable outlook for the RM55mil Class B Sukuk Ijarah. The RM328mil Class C Sukuk Ijarah, however, was not rated, it said.
Al-'Aqar Cap is a wholly owned special-purpose vehicle of Al-'Aqar Healthcare REIT, which, in turn, is majority-held by KPJ Healthcare Bhd via a 49% indirect stake...............................................Full Article: Source |