Published on 30 Oct 2020.
RAM Ratings has withdrawn the corporate credit ratings of PESTECH International Berhad (PESTECH) and the issue rating of its proposed RM400 mil Tranche 1 under the RM1 bil Perpetual Sukuk Programme, upon the issuer’s request. We will no longer have any rating obligations in respect of PESTECH and the proposed sukuk, which were last rated A1/Stable/P1 and A3/Stable, respectively.
Chu Jia Ying
(603) 3385 2519
(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 PESTECH International Berhad