profile search
latest updates
Press Release
09 Oct | Friday
Widad Capital makes early redemption on last two sukuk tranches
RAM Ratings has received confirmation that Widad Capital Sdn Bhd redeemed its Sukuk Murabahah Programme of up to RM110.0 mil in nominal value (2016/2022) on 8 October 2020. Following the full redemption, RAM has withdrawn the AA1 rating of the sukuk and no longer has any rating obligation on it.  
 
Analytical contact
Irfan Afifah Mohd Zaki
(603) 3385 2551
irfan@ram.com.my
 
Media contact
Padthma Subbiah
(603) 3385 2577
padthma@ram.com.my
 
Date of release: 9 October 2020
 
 
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.
 
Copyright 2020 by RAM Rating Services Berhad
source: RAM Rating Services
Print Mail Twitter LinkedIn Facebook Google+
Past Articles
2020
December
November
October
September
August
June
February
January
2019
December
November
October
September
August
July
June
May
April
March
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
September
July
June
May
April
March
2015
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
May
April
March
February
January
2013
December
October
July
May
April
March
2012
December