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Quill Retail Malls fully redeems Sukuk Murabahah

Published on 01 Jul 2022.

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RAM Ratings has received confirmation that Quill Retail Malls Sdn Bhd (QRMSB) fully redeemed the outstanding RM290 million under its RM350 million Sukuk Murabahah on 30 June 2022 via issuance proceeds from two unrated guaranteed medium-term notes facilities. As such, we have withdrawn the ratings of the sukuk (see below) and no longer have any rating obligation in respect of the securities.

 

Sukuk Murabahah

Rating/ Rating Watch

Outstanding Amount
(RM million)

Class A

AA1/RW_Negative

200

Class B

AA3/RW_Negative

60

Class C

A2/RW_Negative

20

Class D

A3/RW_Negative

10

 

 

Analytical contacts
L Nurisya Abdullah
(603) 3385 2492
nurisya@ram.com.my

Lim Chern Yit
(603) 3385 2528
chernyit@ram.com.my

 

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



Ratings on Quill Retail Malls Sdn Bhd

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