KUALA LUMPUR: RAM Ratings has reaffirmed the AAA(s)/Stable rating of Aquasar Capital Sdn Bhd’s RM1.50bil sukuk murabahah programme (2014/2029).
It said in a statement on Wednesday Aquasar Capital acts as the Sarawak government’s funding conduit for the sukuk programme to fund the development of the Kuching Centralised Sewerage System.
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