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Company News

Malaysian Rating Corporation Berhad

06/28/2024 | Press release | Distributed by Public on 06/28/2024 02:50

MARC Ratings withdraws Islamic Development Bank’s ratings

MARC Ratings has withdrawn its financial institution ratings of AAA/MARC-1 on Islamic Development Bank (IsDB), as well as its AAA_IS rating on the Sukuk Wakalah Programme of RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The ratings withdrawal follows the expiry of the programme as confirmed by the facility agent on June 28, 2024.

Accordingly, MARC Ratings will no longer provide analytical coverage on the issuer.

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