Posted Dated: July 24, 2020

MARC has assigned a final rating of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd's proposed Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The ratings outlook is stable.

The rating agency has reviewed the final documentation for the 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 of the assigned rating, please see Gas Malaysia Distribution's preliminary rating announcement on June 19, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC's website at www.marconline.com.my .

Lee Chi Han, +603-2717 2939 / chihan@marc.com.my;
Neo Xue Wei, +603-2717 2937 / xuewei@marc.com.my;
Sharidan Salleh, +603-2717 2954 / sharidan@marc.com.my.

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