Wednesday 21, December 2016 by Nabilah Annuar

RAM assigns AA2/P1 ratings to the proposed Sukuk of Lafarge Malaysia's subsidiary

RAM Ratings in a recent statement has assigned a AA2/Stable/P1 rating to Lafarge Cement’s (LCSB) proposed Sukuk Wakalah Programme of up to RM500 million, comprising IMTN and CP (2017/2024). At the same time, the AA2/Stable/P1 ratings of Lafarge Malaysia’s RM350 million Islamic Securities Programme (2010/2017) have been reaffirmed. LCSB is a wholly owned subsidiary of Lafarge Malaysia.

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