KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) issuances for three Sukuk Musharakah programmes at AAA/stable.This involved RM370mil Sukuk Musharakah programme (due 2030); RM3bil Sukuk Musharakah Programme (due 2032) and RM1.5bil Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033), said the rating agency in a statement.
“The ratings are mainly premised on PJH’s stable and sizeable rental income from the Malaysian government as the principal lessee of government buildings in Putrajaya under various long-term lease-and-sublease agreements.
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