MARC Ratings assigns preliminary rating of AA-IS(CG) to KPJ-guaranteed RM3bil sukuk

KUALA LUMPUR: MARC Ratings has assigned a preliminary rating of AA-IS(CG) to Point Zone (M) Sdn Bhd’s proposed Islamic Medium-Term Notes (Sukuk Wakalah) programme of up to RM3bil with a stable outlook.

In a statement, the rating agency said the rating reflected the credit strength of KPJ Healthcare Bhd on the basis of a corporate guarantee it will provide on the Sukuk Wakalah programme.