MARC Affirms Ratings of Sunway Treasury’s MYR 2 Billion Sukuk and MYR 10 Billion ICP/IMTN

Malaysian Rating Corporation (MARC) has affirmed its ratings on Sunway Treasury Sukuk’s (Sunway Treasury) issuances under the MYR 2 billion Sukuk Programme and MYR 10 billion Islamic Commercial Paper/Islamic Medium-Term Notes (ICP/IMTN) programmes at MARC-1IS(cg)/AA-IS(cg), with a Stable Outlook. Concurrently, the ratings agency has also affirmed its ratings on Sunway Berhad’s (Sunway or the Group) MYR 2 billion Commercial Papers/Medium-Term Notes programmes at MARC-1/AA-.

The ratings on Sunway Treasury’s issuances are equalised to Sunway’s senior debt issuances, where Sunway has to provide a corporate guarantee to its wholly-owned subsidiary’s issuances. The Stable Outlook of the ratings r...