Marc assigns final rating of AA-IS to SHC capital SDN BHD's proposed sukuk Wakalah

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based

  

MARC has assigned a final rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s (SHC Capital) proposed RM80.0 million issuance under its RM200.0 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). The rating outlook is stable.

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based.

For full details of the assigned rating, please see SHC Capital’s preliminary rating announcement on November 5, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my 

-Ends-

Contacts:
Ahmad Ikmal Mohd Shahril, +603-2717 2963/ ikmal@marc.com.my;
Hafiza Abd Rashid, +603-2717 2955/ hafiza@marc.com.my 

[This announcement is available on MARC’s corporate website at www.marc.com.my ]

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This communication is provided by Malaysian Rating Corporation Berhad (MARC) based on information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.

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