AZRB Capital, a unit of Ahmad Zaki Resources Bhd (AZRB), was set up to issue the proposed Sukuk Murabahah, proceeds of which will be on-lent to parent AZRB.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a final rating of AA-IS with a stable outlook to AZRB Capital Sdn Bhd’s proposed RM535mil Sukuk Murabahah facility.
“Upon review of the final documentation for the facility, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-IS was based,” it said in a statement on Friday.
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