Published on 21 May 2020.
RAM Ratings has received confirmation that Mydin Mohamed Holdings Berhad (Mydin Holdings or the Group) has fully redeemed the outstanding sukuk under the Group’s RM350 mil Danajamin-Guaranteed Islamic MTN Programme (2011/2024). The programme was cancelled on 16 May 2020. As such, we have withdrawn the AAA(fg)/Stable rating of the Islamic MTN and no longer have any rating obligation on it.
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Ratings on Mydin Mohamed Holdings Berhad