RAM ratings reaffirms UniTapah’s AA1 stable rating / News Team UiTM Perak
RAM Ratings has reaff irmed the AA1/Stable rating of UniTapah Sdn Bhd’s (the Company) SukukMurabahah of up to RM600 mil (2014/2035). This is premised on the Company’s strong and predictablecashflow debt-service coverage, supported by prompt receipts of monthly Availability Charges (ACs) fromUniversi...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA, Perak
2020
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| Online Access: | https://ir.uitm.edu.my/id/eprint/85381/1/85381.pdf https://ir.uitm.edu.my/id/eprint/85381/ https://news.uitm.edu.my/ |
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| Summary: | RAM Ratings has reaff irmed the AA1/Stable rating of UniTapah Sdn Bhd’s (the Company) SukukMurabahah of up to RM600 mil (2014/2035). This is premised on the Company’s strong and predictablecashflow debt-service coverage, supported by prompt receipts of monthly Availability Charges (ACs) fromUniversity Teknologi MARA (UiTM). The rating is further supported by UniTapah’s good maintenance trackrecord and low counterparty risk. |
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