Published on 15 Jun 2022.
On 20 May 2022, RAM Ratings assigned a AAA/Stable preliminary rating to Amanat Lebuhraya Rakyat Berhad’s (ALR or the Issuer) proposed Senior Sukuk Programme of up to RM5.5 bil (2022/2044) (the Proposed Sukuk). These FAQs are to be read in conjunction with RAM’s rating report and media release on the Proposed Sukuk, and seek to provide additional clarity on the assigned rating. This FAQ piece covers some of the wider issues related to this first-of-its-kind deal.
Click here for the FAQs.
Davinder Kaur Gill
(603) 3385 2525
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 2022 by RAM Rating Services Berhad