MARC Ratings has assigned a final short-term rating of MARC-1IS to Titijaya Land Berhad’s (Titijaya) RM300 million Islamic Commercial Papers (ICP) Programme.
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 Titijaya’s preliminary rating announcement dated August 12, 2024. The complete analysis is provided in the Credit Analysis Report which is available here.