20 Mar | Friday
RAM Ratings withdraws AA1 rating of TAQA’s sukuk
Upon the request of Abu Dhabi National Energy Company PJSC (TAQA or the Group), RAM Ratings has withdrawn the AA1/Stable rating of the Group’s Sukuk Murabahah Programme of up to RM3.5 billion in nominal value (2012/2032) (Sukuk). As such, we no longer have any rating obligation in respect of the Sukuk. As at 20 March 2015, the amount of Sukuk outstanding stood at RM650 million.
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Chinthamani Thanneermalai
(603) 7628 1013
chinthamani@ram.com.my
source: RAM Rating Services Berhad