RATING Agency Malaysia Bhd (RAM) has assigned long- and short-term ratings of AAA and P1 for Nestle Foods (M) Sdn Bhd's proposed RM700mil Murabahah commercial papers/medium-term notes issuance facility (2003/2010) (MCP/MMTN).
Nestle Foods is wholly-owned by Nestle (M) Bhd. Therefore, the ratings are based on the credit risk profile of Nestle Malaysia as a group, RAM said in a statement.
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