MARC Ratings has assigned a final rating of AAIS(cg) to funding vehicle VS Capital Management Sdn Bhd’s 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 VS Capital Management’s preliminary rating announcement dated July 8, 2022. The complete analysis is provided in the Credit Analysis Report which is available here.