MARC: Malaysian Resources MYR 5.0 Billion Sukuk Murabahah Gets Preliminary Rating of AA-IS

Malaysian Resources Corporation (MRC) has been assigned a preliminary rating of AA-IS to its medium-term MYR 5.0 billion Sukuk Murabahah by Malaysian Rating Corporation (MARC), with a Stable Outlook.

MARC states that the rating incorporates MRC’s established position in the property development market, specifically with regards to transit-oriented developments. The rating is also supported by MRC’s pre-let and pre-sell business model which helps lessen market risk, as well as MRC’s healthy financial position.

The rating is moderated by possibly high working capital requirements for MRC’s residential and construction projects.

Become IslamicMarkets.com member

We provide tools that help professionals and institutions steer the global
Islamic economy, unlocking commercial opportunities.

Get more with

• An ecosystem of 500,000+ users
• 50,000+ publications and resources
• Exclusive newsletters and breakthrough stories
• Over 300 industry-led learning modules
• See all benefits >>

Create FREE account or Log in

See all Subscription options