DRB-Hicom sukuk ratings affirmed

In a recent statement, Proton announced that sales jumped 45.7% year-on-year to 13,216 units in July, marking an eight-year high for the national car company. Sales were spurred by strong demand for four core models, namely the Saga, X70, Persona and Exora.

PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has affirmed its ratings of A+IS and A-IS on DRB-Hicom Bhd’s sukuk programme of up to RM3.5bil and Perpetual Sukuk Musharakah Programme of up to RM2bil.MARC has revised the ratings outlook to stable from positive.

“The affirmed senior sukuk rating is underpinned by our view that DRB-Hicom is better placed to withstand the impact from the Covid-19 pandemic on its fairly diverse business segments.