Sime Darby Property’s sukuk call affirmed

In a statement, MARC said Sime Darby Property’s well-established position as a township developer and its strong sales track record in domestic property development remain key rating drivers.

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its AA+IS rating with a “stable” outlook on Sime Darby Property Bhd’s Islamic medium-term notes programme of RM4.5bil under the syariah principle of Musharakah.

In a statement, MARC said Sime Darby Property’s well-established position as a township developer and its strong sales track record in domestic property development remain key rating drivers.