MARC Ratings affirms AAAIS rating on Aman Sukuk’s RM10.0 billion IMTN Programme

MARC Ratings has affirmed its AAA_IS rating on Aman Sukuk Berhad's (Aman) Islamic Medium-Term Notes (IMTN) Programme of up to RM10.0 billion. The rating affirmation reflects the credit strength of the Malaysian government as the sole obligor of rental payment streams to meet the obligations under this programme.

Aman has informed it will undertake an early full redemption of the total outstanding sukuk of RM1.47 billion by end-July 2024. The combined cash balance in the security accounts of RM1.6 billion as at end-May 2024 is sufficient to meet the full redemption. Following this and the cancellation of the IMTN programme, MARC Ratings will cease to provide analytical coverage on Aman.