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RAM Ratings withdraws SK Nexilis
Published on 21 Jul 2025.
RAM Ratings has, at the issuer’s request, withdrawn the corporate credit ratings of SK Nexilis Co Ltd (SK Nexilis) and those of its wholly owned subsidiary, SK Nexilis Malaysia Sdn Bhd (SKNXM) (AA3/Stable/P1, assigned on 14 August 2024). We have also withdrawn the preliminary rating assigned to SKNXM’s proposed RM2.0 bil ASEAN Green SRI Islamic Medium-Term Notes Programme (AA3/Stable) as there are no longer plans to issue sukuk at this juncture. As such, we will no longer have any rating obligations on SK Nexilis, SKNXM as well as the above facility.
Analytical contacts
Karin Koh, CFA
(603) 2708 8237
karin@ram.com.my
Thong Mun Wai
(603) 2708 8255
munwai@ram.com.my
Media contact
Sakinah Arifin
(603) 2708 8212
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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