RAM Ratings reaffirms AAA(fg) rating of BCityâ€™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.