Monday 29, February 2016 by Matthew Amlôt

MARC affirms AAAIS and AAAID ratings on Putrajaya Holdings SDN BHD’s Islamic Debt programmes

The ratings affirmation incorporates the stable and sizeable rental income that PJH receives from the Malaysian government for subleasing government buildings in Putrajaya under long-term lease-and-sublease agreements. The ratings are also supported by PJH’s long-term track record as the master developer of Putrajaya and the strength of its major shareholders, namely KLCC Holdings Sdn Bhd and Khazanah Nasional Berhad.

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