MARC Ratings has assigned a final rating of AA+_IS with a stable outlook to TH Properties Sdn Bhd’s Islamic Medium-Term Notes (IMTN) Programme. The IMTN Programme, together with a proposed Islamic Commercial Papers Programme, will have a combined aggregate limit of up to RM750 million.

The rating agency has reviewed the final documentation for the IMTN Programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based.

For full details on the assigned rating, please refer to TH Properties’ preliminary rating announcement dated 15 June 2026. The complete analysis is available in the Credit Analysis Report, accessible here.