RAM assigns final ratings to Al-’Aqar Capital’s proposed sukuk, sees stable outlook

KUALA LUMPUR: 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.