MARC assigns final rating of AIS to Bank Muamalat Malaysia Berhad's Sukuk of up to RM2.0 Billion; Outlook stable
MARC has assigned a final rating of AIS to Bank Muamalat Malaysia's Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion under the Islamic principle of Wakalah Bi Al-Istithmar with a stable outlook. Upon review of the final documentation of the Senior Sukuk, MARC is satisfied that the terms and conditions of the Senior Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AIS was based. The full details on the assigned rating have been provided in Bank Muamalat's preliminary rating announcement on June 24, 2014 which can be accessed at www.marc.com.my.
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