MARC Ratings has assigned a final rating of AA-IS(cg) to Eco World Capital Berhad’s proposed Islamic Medium-Term Notes (Sukuk Wakalah) programme of RM1.2 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 Eco World Capital’s preliminary rating announcement dated September 8, 2022. The complete analysis is provided in the Credit Analysis Report which is available here.