Widad Capital said its rating outlook has also been revised to “stable” from “positive” premised on the company’s strong debt-servicing ability and healthy operating performance, underpinned by timely monthly contractual payments from the Public Works Department under the facilities maintenance contract for the National Palace.
KUALA LUMPUR: RAM Ratings has upgraded the rating of Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110mil in nominal value to AA1 from AA2.
Widad Capital said its rating outlook has also been revised to “stable” from “positive” premised on the company’s strong debt-servicing ability and healthy operating performance, underpinned by timely monthly contractual payments from the Public Works Department under the facilities maintenance contract for the National Palace.
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