RAM Ratings withdraws rating of Axis REIT Sukuk’s remaining RM70 mil Class A1 Second Sukuk

Published on 14 Aug 2020.

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RAM Ratings has received confirmation from PB Trustee Services Berhad that Axis REIT Sukuk Berhad (the Issuer) had fully redeemed the outstanding RM70 mil of its Class A1 Second Sukuk on the expected maturity date of 14 August 2020. As such, we have withdrawn the AAA rating of the Class A1 Second Sukuk and no longer have any rating obligation in respect of it. 


Analytical contact
Teoh Tze Yit
(603) 3385 2531

Media contact
Padthma Subbiah
(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.

RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.

Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.

Published by RAM Rating Services Berhad
© Copyright 2020 by RAM Rating Services Berhad

Ratings on Axis REIT Sukuk Berhad (Second Sukuk)