MARC Ratings has assigned a final rating of A-_IS to Yinson Holdings Berhad’s RM1.0 billion Subordinated Perpetual Islamic Notes Programme. The rating 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 on the assigned rating, please refer to our preliminary rating announcement on December 12, 2023. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.