KUALA LUMPUR, Feb 8 — Westports Holdings Bhd’s (WHB) wholly-owned subsidiary, Westports Malaysia Sdn Bhd (WMSB) is proposing to appoint rating agency, RAM Rating Services Bhd (RAM Ratings) for its RM2 billion Sukuk Musharakah Programme.
In a filing with Bursa Malaysia today, WHB said WMSB will be seeking the sukukholders’ approval during its forthcoming general meeting, to be held virtually on March 1.
“RAM Ratings has assigned a long-term AAA/stable rating to WSMB for its Sukuk Musharakah Programme.
“WMSB is of the view that, subject to the prevailing future capital market conditions and demand for the Sukuk’s issuance, a continuous AAA/stable rating should generate future cumulative interest savings,” WHB said, adding that the company will make further announcement on the outcome of general meeting.
— Bernama
