MARC Ratings has assigned a final rating of AA-IS to MY E.G. Services Berhad’s (MYEG) proposed Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion. The rating carries a stable outlook.
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 see MYEG’s preliminary rating announcement dated October 18, 2022. The complete analysis is provided in the Credit Analysis Report which is available.