Published on 30 Apr 2020.
RAM Ratings has withdrawn the P1 rating of Sabah Credit Corporation’s RM1.0 bil Islamic Commercial Papers (2011/2020) following the full redemption and maturity of the facility on 24 April 2020. As such, we no longer have any rating obligation in respect of the said instrument.
However, we will maintain rating surveillance on the following sukuk programmes of Sabah Credit Corporation:
Islamic Commercial Papers of up to RM1.75 bil (2014/2021) and Islamic Medium-Term Notes (2014/2039) Programme of up to RM3.5 bil#
Islamic Medium-Term Notes Programme of up to RM1.0 bil (2011/2031)
#subject to a joint limit of RM3.5 bil
Tan Shu Xuan
(603) 3385 2497
(603) 3385 2577
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
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Ratings on Sabah Credit Corporation