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KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has upgraded the rating of Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value to AA1 from AA2 and revised the rating outlook to stable from positive.
MARC says group better placed to withstand Covid-19 impact
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its ratings DRB-Hicom Bhd’s two Sukuk programmes but lowered the outlook to stable from positive due to challenging outlook for the domestic automotive industry.
PETALING JAYA: The global sukuk issuance is set to fall 5% this year to about US$170bil because of the coronavirus crisis, after four years of rapid growth, Moody’s Investors Service said.
JAKARTA: Indonesia’s flag carrier needs cash fast as losses soar past a half-billion dollars and unpaid bills pile up, yet negotiations for government aid move slowly and still may not yield enough to cover the shortfal
Better contribution from LRT3 project set to lift income
Company will also reduce its capex for this year
KUALA LUMPUR: Axiata Group Bhd is taking advantage of the current low-interest-rate environment to raise US$1bil worth of sukuk.