RAM Ratings withdraws Hextar Global’s ratings

Published on 14 Feb 2025.

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RAM Ratings has, at the issuer’s request, withdrawn the corporate credit ratings of Hextar Global Berhad (Hextar or the Group) as well as the preliminary ratings (AA3/Stable/P1, assigned on 29 February 2024) for the Group’s proposed Islamic Medium-Term Notes Programme of up to RM1.0 bil and Islamic Commercial Papers Programme of up to RM300 mil. As such, we no longer have any rating obligations on Hextar as well as the said facilities. 

 

Analytical contacts
Karin Koh, CFA
(603) 3385 2508
karin@ram.com.my

Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my

Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@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
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