RAM Ratings has reaffirmed the respective AA3/P1 and A2 ratings of Binariang GSM Sdn Bhd’s (BGSM) Senior Sukuk and Junior Sukuk. “We have maintained the negative outlook on both long-term ratings,” it said on Friday. Below is the statement issued by RAM Rating Services: The Senior Sukuk consists of BGSM’s RM19bil Islamic medium-term notes programme and RM2bil Islamic commercial papers programme. The Junior Sukuk refers to the Group’s USD900 million Cumulative Non-Convertible Islamic Junior Sukuk.
RAM Ratings reaffirms Binariang GSM’s sukuk ratings; outlook remains negative
No comments:
Post a Comment