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

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RAM Ratings (RAM) has reaffirmed the AAA(s) ratings of Islamic securities issued by the funding conduits of Khazanah Nasional, which is the investment arm of the Government of Malaysia. The ratings all have a Stable Outlook

The Khazanah-related securities reaffirmed as AAA(s)/Stable by RAM comprises of the MYR 7.0 billion Islamic medium-term note (MTN) Sukuk Musyarakah Programme (2006/2041) issued by Rantau Abang Capital, the MYR 20.0 billion multi-currency Islamic Securities Programme (2009/2044) issued by Danga Capital, the MYR 1.0 billion Islamic MTN Sukuk Ihsan Programme (2015/2040) issued by Ihsan Sukuk, as well as the MYR 10.0 billion Islamic MTN Sukuk Danum Programme (2019/2069) issued by Danum Capital.