Wednesday 27, January 2016 by Matthew Amlôt

MARC affirms MARC-1IS/AA-IS ratings on TSH Ijarah’s Sukuk ICP and IMTN programmes

MARC has affirmed its ratings of MARC-1IS /AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) MYR 100.0 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and MYR 300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programmes with a stable outlook. The ratings affect the outstanding amount of MYR 270.0 million as at December 28, 2015 under the rated programmes. TSH Ijarah is a special purpose vehicle to facilitate funding for its parent, TSH Resources Berhad’s (TSH) crude palm oil (CPO) operations.

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