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Posted Date: March 24, 2021

MARC has assigned final ratings of MARC-1IS /AAIS to Cellco Capital Bhd's (Cellco) RM520 million issuance (Issue 1) under its Islamic Commercial Papers/Islamic Medium-Term Notes (Sukuk Ijarah 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 ratings were based.

For full details of the assigned ratings, please see Cellco's preliminary rating announcement on January 15, 2021. The complete analysis is provided in the Credit Analysis Report which is available on MARC's website at www.marconline.com.my.

Contacts:
Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my;
Ummi Kalsom Yaacub, +603-2717 2934/ ummikalsom@marc.com.my;
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my.

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