Wednesday, Dec 11, 2019
MARC has assigned a final rating of A+IS with a positive outlook to DRB-HICOM Berhad’s proposed Sukuk Programme with a nominal value of up to RM3.5 billion.
Upon review of the final documentation for the programme, the rating agency is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of A+IS was based.
For full details of the assigned rating, please see DRB HICOM’s preliminary rating announcement on November 4, 2019. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.
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