Monday 24, December 2012 by Robin Amlôt

RAM Ratings reaffirms AA3/P1 ratings of Naim’s Islamic debt issues with negative outlook

RAM Ratings has reaffirmed the respective AA3 and P1 ratings of Naim Holdings Berhad’s MYR 500 million Islamic Medium-Term Notes Programme (2010/2025) and MYR 100 million Islamic Commercial Papers Programme (2010/2017); the outlook on the long-term rating is maintained at negative. Naim is mainly a property-development and construction group based in Sarawak. It also holds a 34 per cent-stake in Dayang Enterprise Holdings Berhad, a listed provider of oil and gas support services.

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