Published on 01 Aug 2022.
RAM Ratings has withdrawn the AA2/Stable rating of First Resources Limited’s RM2.0 billion Sukuk Musharakah Programme (2012/2022) (the Sukuk Programme) following its expiry on 29 July 2022. All outstanding amounts under the Sukuk Programme had been fully redeemed earlier in October 2021. As such, we no longer have any rating obligation in respect of the Sukuk Programme.
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Ratings on First Resources Limited