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RAM Ratings withdraws issue rating of TRIplc Ventures Sdn Bhd following its redemption
Published on 19 Oct 2026.
RAM Ratings has received confirmation that TRIplc Ventures Sdn Bhd has fully redeemed its outstanding RM240 mil Fixed-Rate Medium-Term Note (2011/2026) on its scheduled maturity date of 9 October 2026. We have accordingly withdrawn its rating and no longer have any rating obligation in respect of the facility. The AAA(bg)/Stable rating was last affirmed on 10 July 2026.
TRIplc Ventures is the concessionaire for the development and maintenance of a Universiti Teknologi MARA campus in Puncak Alam, Selangor under a concession agreement with the Government of Malaysia.
Analytical contacts
Lai Jing Wei
(603) 2780 8239
jingwei@ram.com.my
Davinder Kaur Gill
(603) 2780 8220
davinder@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.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
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