Tuesday 27, December 2016 by

RAM Ratings reaffirms AAA/Stable rating of Pengurusan Air SPV's Sukuk

RAM Ratings has reaffirmed the AAA/Stable rating of Pengurusan Air SPV Berhad’s (PASB) MYR 20 billion Islamic MTN Programme (2009/2039) (the Sukuk). Meanwhile, following the expiry of PASB’s Islamic CP Programme (2009/2016) on 1 December 2016, RAM Ratings no longer has any rating obligation in respect of the programme, previously rated P1/Stable. PASB is a special-purpose vehicle set up as a wholly owned subsidiary of Pengurusan Aset Air Berhad (PAAB).

Features & Analyses