MARC also noted the strategic partnership between DRB-Hicom's major subsidiary Proton Holdings Bhd and China automaker Zhejiang Geely Holding Group (Geely) has yielded positive results for the group. This was evident in the strong response to the launch of X70 SUV model in December 2018.
KUALA LUMPUR: Malaysian Ratings Corporation Bhd (MARC) has assigned its rating of A+IS to DRB-Hicom Bhd
’s proposed Islamic medium-term notes programme (Sukuk programme) with a nominal value of up to RM3.5bil.
The rating outlook is positive. Concurrently, MARC has affirmed its ratings of A+IS and A-IS on DRB-Hicom’s existing Islamic medium-term notes (IMTN) programme of up to RM1.8 bil and perpetual Sukuk Musharakah programme of up to RM2bil.
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