MARC Ratings upgrades TSH’s rating to AA-IS
MARC Ratings has upgraded TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme rating to AA-IS from A+IS and affirmed its RM50 million Commercial Papers (ICP) Programme rating at MARC-1IS. The ratings outlook is stable. TSH Sukuk Murabahah is the funding vehicle for parent TSH Resources Berhad (TSH) which has provided an irrevocable …