Sunday 29, December 2013 by Matthew AmlĂ´t

RAM Ratings reaffirms AAA(fg) rating of BCity’s debt issue

RAM Ratings has reaffirmed the enhanced rating of BerjayaCity Sdn Bhd’s (BCity or the Company) MYR 150 million Danajamin-Guaranteed MTN Programme (MTN) at AAA(fg)/Stable. The enhanced rating reflects an irrevocable and unconditional financial guarantee extended by Danajamin Nasional Berhad (rated AAA/Stable/P1 by RAM). The guarantee enhances the credit profile of the facility beyond BCity’s stand-alone credit strength. Under this structure, all risks associated with the MTN are expected to be absorbed by Danajamin.

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