Published on 26 Jan 2022.
RAM Ratings has withdrawn the C3/Negative rating of MEX I Capital Berhad’s RM1.35 bil Sukuk Musharakah (2014/2031) (the Previous Sukuk) following its full redemption on 21 January 2022 as confirmed by the facility agent. The Sukuk redemption was met via a refinancing exercise involving the issuance of the company’s RM1.126 bil Senior Sukuk Musharakah (2022/2040) (the New Sukuk).
As such, we no longer have any rating obligation in respect of the Previous Sukuk but will maintain surveillance of the New Sukuk effective 21 January 2022. RAM assigned an A2 rating to the New Sukuk on 19 January 2022, the details of which can be found on our website at https://www.ram.com.my/pressrelease/?prviewid=5907
Yip Chee Meng
(603) 3385 2516
Davinder Kaur Gill
(603) 3385 2525
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