Published on 01 Jun 2020.
RAM Ratings has withdrawn the A1/Stable rating of TF Varlik Kiralama A.S.’s RM3.0 bil Sukuk Murabahah MTN Programme (2014/2034) following the full redemption of the facility’s outstanding sukuk on 21 May 2020 and subsequent cancellation of the programme. As such, RAM no longer has any rating obligation in respect of the said facility. TF Varlik is a wholly owned asset leasing company of Turkiye Finans Katilim Bankasi A.S., established to facilitate the issuance of ringgit sukuk.
We have also discontinued our rating coverage of Turkiye Finans at the request of the Bank. The Bank was last rated A1/Stable/P1.
Loh Kit Yoong
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Ratings on TF Varlik Kiralama AS