MARC Affirms Aman Sukuk’s MYR 10.0 Billion IMTN Programme at AAA-IS; Stable Outlook

Malaysian Rating Corporation (MARC) has affirmed its rating of the MYR 10.0 billion Islamic Medium-Term Notes (IMTN) programme of Aman Sukuk (Aman) at AAA-IS, with a Stable Outlook. As at 31st of May 2020, the outstanding IMTN under the rated programme was MYR 4.07 billion.

Aman is a wholly-owned funding vehicle of PBLT (formerly known as Pembinaan BLT), a Malaysian government-owned entity, which developed 74 projects for the Polis Diraja Malaysia (PDRM). The projects, comprising quarters and facilities, were developed under a build, lease and transfer model.

MARC’s affirmation of rating and Stable Outlook reflects the credit strength of the Malaysian Government, who is in ch...