Moody's assigns definitive A3 rating to Malaysia's international sukuk

JAKARTA: Moody's Investors Service today assigned  a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the Malaysian government.

The proceeds of the sukuk will be used by the issuer to invest in the purchase of an asset pool consisting of Ijara assets, the right to  participate in the provision of transportation services in Malaysia, and  Shariah-compliant commodities.