RAM Assigns Final Ratings to RCEM’s Zamarad Assets’ Tranche 4 Sukuk Totalling MYR 120 Million

RAM Ratings (RAM) has assigned final ratings of Zamarad Asset’s (Zamarad) Tranche 4 MYR 95 million Class A Sukuk as AAA/Stable, and MYR 25 million Class B Sukuk as AA2/Stable. The Tranche 4 Sukuk is the fourth issuance under Zamarad’s MYR 2 billion Sukuk Murabahah Programme (the Programme).

Zamarad is a special-purpose vehicle incorporated to undertake securitisation of personal financing facilities from the business partners of RCE Marketing (RCEM), which is a Malaysian financing services company. The Programme is RCEM’s fifth venture into the debt capital market programme.

The Tranche 4 Sukuk, like previous issuances under the Programme, will be collateralised b...