AAA(s) Ratings of Sukuk Issued by Khazanah’s Funding Conduits Reaffirmed by RAM Ratings

RAM Rating Services (RAM Ratings) has reaffirmed the ratings of Islamic securities issued by the funding conduits of Khazanah Nasional (Khazanah) – the investment arm of the Government of Malaysia – as follows: the AAA(s)/Stable ratings of Rantau Abang Capital’s MYR 7.0 billion (USD 1.7 billion) Islamic Medium-Term Notes (MTN) Sukuk Musyarakah Programme (2006/2041), Danga Capital’s MYR 20.0 billion (USD 4.7 billion) Multi-Currency Islamic Securities Programme (2009/2044), Ihsan Sukuk’s MYR 1.0 billion (USD 236.7 million) Islamic MTN Sukuk Ihsan Programme (2015/2040) and Danum Capital’s MYR 10.0 billion (USD 2.4 billion) Islamic MTN Sukuk Danum Programme (2019/2069) were all affirmed.

Ratings Rationale

Khazanah's es...