Monday 24, December 2012 by Robin Amlôt

RAM Ratings assigns preliminary AAA rating to UMW’s proposed Sukuk

RAM Ratings has assigned a preliminary AAA long-term rating to UMW Holdings Berhad’s  proposed MYR 2 billion Islamic Medium-Term Notes Programme (2012/2027); the rating has a stable outlook. UMW is an investment-holding company involved in the assembly and distribution of Toyota vehicles, trading of heavy and industrial equipment (e.g. Komatsu, Toyota, Case and Bomag), provision of oil and gas (O&G) services (with drilling and oil-field services as core offerings), manufacture of automotive parts, and distribution of lubricants (Pennzoil and Repsol).

Features & Analyses

Investment Banking View from the top

Mashreq CEO Abdulaziz Al Ghurair reveals his thoughts to Banker Middle East on the outlook for the UAE banking sector in 2016. read more