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MARC Ratings has withdrawn its MARC-1IS rating on UEM Edgenta Berhad’s sub-limit RM300.0 million Islamic Commercial Papers (ICP) Programme under its RM1.0 billion Sukuk Murabahah Programme. The rating withdrawal follows the expiry of the ICP Programme as confirmed by the facility agent on April 30, 2024.
Our analytical coverage on UEM Edgenta is now limited to its Islamic Medium-Term Notes (IMTN) under the same sukuk programme that carries a rating of AA-IS/Positive.
