Thursday 12, June 2014 by Matthew Amlôt

RAM: IJM Corp’s Sukuk rating intact despite proposed purchases

RAM Ratings opines that IJM Corporation’s (IJM Corp or the Group) recently announced proposed acquisition of the highway concessionaire, Sistem Lingkaran-Kajang Sdn Bhd (SILK) for MYR 398 million and the privatisation of the Group’s property arm - IJM Land Berhad (IJM Land) - for MYR 1.98 billion have no immediate impact on the AA3/Stable rating of the Group’s Sukuk Murabahah Programme.

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