Moody's: Malaysian sukuk ratings reflect underlying corporates' credit quality

The ratings of rated Malaysian corporate sukuk, or Islamic bonds, reflect the credit quality of the underlying corporate backing the sukuk, despite the various assets in their sukuk structures, according to Moody's Investor Service.
In a statement today, the credit rating agency said that it had reiterated its conclusion in its analysis of three Malaysian corporate sukuk which it rated in 2015, namely Axiata Group Bhd (Baa2 stable), Telekom Malaysia Bhd (TM) (A3 positive), and Petroliam Nasional Bhd (Petronas) (A1 stable).

TM issues RM150m Islamic commercial papers

TELEKOM MALAYSIA BHD posessed on the 25th April RM150 million of Islamic commercial papers (ICP).
It appears that the ICPs were the first tranche under the proposed RM2 billion ICP programnme and Islamic medium term notes.

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