Published on 04 Feb 2021.
RAM Ratings has withdrawn the enhanced AA1(s)/Stable rating of Pendidikan Industri YS Sdn Bhd’s (PIYSB) RM150 mil Bai’ Bithaman Ajil Islamic Debt Securities (2008/2022) (BaIDS). This follows confirmation that PIYSB has fully redeemed the outstanding BaIDS on 29 January 2021. As such, RAM no longer has any rating obligation in respect of the sukuk.
Thong Mun Wai
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