MARC Ratings has assigned a final rating of AIS(cg) to Eco World Perpetual Capital Berhad’s RM2.0 billion Perpetual Sukuk Wakalah (Perpetual Sukuk) 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 see Eco World’s preliminary rating announcement dated 24 June 2025. The complete analysis is provided in the Credit Analysis Report which is available here.