Published on 16 Aug 2022.
RAM Ratings has withdrawn the P1 ratings of AEON Credit Service (M) Berhad’s (the Group) RM1.0 billion Islamic Commercial Papers Programme (2015/2022) which matured on 12 August 2022. We have received confirmation that there was no outstanding sukuk at the point of maturity. As such, we no longer have any rating obligation in respect of the facility.
We will maintain surveillance of the Group’s other sukuk programmes, as follows:
Chan Yin Huei
(603) 3385 2498
Jeremy Noel Paul
(603) 3385 2556
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.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
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Ratings on AEON Credit Service (M) Berhad