Monday 13, January 2014 by Matthew Amlôt

RAM Ratings assigned final AA2 rating to proposed MYR 1.35 billion Sukuk by Bright Focus

RAM Ratings has assigned a final rating of AA2/stable/- 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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