KUALA LUMPUR: Malaysian Rating Corporation Bhd is maintaining its AAAIS(fg) on Antara Steel Mill Sdn Bhd's RM300mil Sukuk Mudharabah programme with a stable outlook.
The ratings agency said on Friday the Sukuk is guaranteed by Danajamin Nasional Bhd. Hence, the rating on the sukuk programme is based on on MARC's current rating of Danajamin's financial strength at AAA/stable.
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