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RAM Ratings has withdrawn rating of MACB
Published on 29 Aug 2025.
RAM Ratings has withdrawn the AAA(s)/Stable rating of Malaysia Airports Capital Berhad’s (MACB) RM3.1 bil Islamic Medium-Term Notes Programme (2010/2025) (MTN) following confirmation that the MTN has matured on 29 August 2025. Accordingly, we no longer have any rating obligation in respect of the MTN which was last affirmed on 13 September 2024.
We will maintain surveillance on the ratings of Malaysia Airports Holdings Berhad’s (MAHB) other sukuk programmes as follows:
Analytical contacts
Ben Inn
(603) 2708 8290
ben@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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