Wednesday 04, December 2013 by Matthew Amlôt

RAM Ratings reaffirms preliminary AA2 rating to proposed MYR 1.35 billion Sukuk by Bright Focus

RAM Ratings has reaffirmed the preliminary rating of AA2/stable/- assigned to Bright Focus Berhad’s proposed Islamic Securities of up to MYR 1.35 billion. This rating update is in conjunction with amendments to the proposed Sukuk profit rates and its repayment profile. Any further changes to the final profit rates or the Sukuk’s repayment profile will necessitate a reassessment of the Sukuk rating and correspondingly may result in a rating change.

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