MARC Ratings has assigned final ratings of AA-IS and MARC-1IS to SIBS Sdn Bhd’s Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion and Islamic Commercial Papers (ICP) Programme of up to RM500.0 million, with a combined aggregate limit of up to RM3.0 billion (Sukuk Wakalah Programmes). The rating outlook is stable.
The rating agency has reviewed the final documentation for the programmes and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary ratings were based.
For full details on the assigned ratings, please refer to our preliminary rating announcement dated September 27, 2024. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at https://online.marc.com.my.