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Gulf Investment Corporation fully redeemed RM400 mil Senior Unsecured Bonds (2008/2023)
Published on 07 Mar 2023.
RAM Ratings has withdrawn the AAA rating of Gulf Investment Corporation GSC’s (GIC) RM400 mil Senior Unsecured Bonds (2008/2023) following confirmation that all outstanding bonds were fully redeemed on 3 February 2023.
We will, however, maintain surveillance of GIC’s AAA/Stable/P1 corporate credit ratings and the AAA/Stable rating of its RM3.5 bil Sukuk Wakalah bi Istithmar Programme (2011/2031).
Analytical contacts
Loh Kit Yoong
(603) 3385 2493
kityoong@ram.com.my
Sophia Lee
(603) 3385 2619
sophia@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.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
Published by RAM Rating Services Berhad
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