Published on 22 Sep 2022.
RAM Ratings has received confirmation that IGB REIT Capital Sdn Bhd had fully redeemed the outstanding RM1.20 bil first issuance (First Tranche MTN) under its RM5.0 bil MTN Programme (the Programme) on the expected maturity date of 20 September 2022. The redemption was made through the successful issuance of the Second Tranche MTN under the Programme (click here for further information). Accordingly, we have withdrawn the AAA/Stable rating of the First Tranche and no longer have any rating obligation in respect of it.
Liew Kar Ling
(603) 3385 2586
Lim Chern Yit
(603) 3385 2528
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 IGB REIT Capital Sdn Bhd