MARC affirms ratings on Petronas Dagangan Berhadâ€™s Sukuk programme
MARC has affirmed its AAAIS/MARC-1IS ratings on PETRONAS Dagangan Berhad’s (PDB) Islamic Commercial Papers and Islamic Medium-Term Notes Programme (Sukuk Programme) of up to MYR 2.0 billion. The outlook on the rating is stable. The affirmed ratings of PDB are equalised to the ratings of its parent Petroliam Nasional Berhad (PETRONAS) on which MARC maintains public information ratings of AAA/MARC-1/Stable. The strong parent-subsidiary relationship, operational linkages between the entities and shared branding underpin the rationale for the ratings equalisation.