KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AAIS to Sime Darby Plantation Sdn Bhd’s perpetual subordinated sukuk programme of up to RM3bil with a stable outlook.
“Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the operpetual sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating of AAIS /Stable was based,” MARC said in a statement.
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