MARC Ratings has assigned a final rating of A+_IS to Yinson Holdings Berhad’s (YHB) Islamic Medium-Term Notes (IMTN) (Sukuk Wakalah) Programme of up to RM2.0 billion. 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 see YHB’s preliminary rating announcement dated 5 November 2025. The full credit analysis report is available at https://online.marc.com.my/.