Moody’s assigns A3 to Malaysia Sovereign Sukuk’s debt notes

Moody's Investors Service has assigned definitive A3 senior unsecured ratings to the US dollar trust certificates issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the government. Moody's said on Wednesday its definitive ratings for these debt obligations confirmed the provisional ratings assigned on April 6. The A3 rating assigned to the sukuk is at the same level as the long-term local-currency and foreign-currency issuer ratings of the Government of Malaysia. The proceeds of the sukuk will be used by the issuer to invest in the purchase of an asset pool consisting of Ijara assets, the right to participate in the provision of transportation services in Malaysia, and Shariah-compliant commodities.