Widad Group MD Datuk Dr Mohd Rizal Mohd Jaafar said the upgraded rating of Widad Capital rating to AA2 positive outlook by RAM “reaffirms our growing financial strength and robust business model”.
KUALA LUMPUR: RAM Ratings has reaffirmed the AA2 rating of Widad Capital Sdn Bhd’s Sukuk Murabahah Programme up to RM110mil in nominal value from stable to positive.
It said on Thursday the consistent financial performance in the past year with its sustainable performance has recorded FSCR of above 1.90 times and has exceeded RAM‘s expectation in reaffirming Widad Capital’s AA2 rating.
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