[MARC] MARC RATINGS ASSIGNS FINAL RATING OF AAIS(cg) TO VS INDUSTRY'S FUNDING VEHICLE'S PROPOSED RM1.0 BILLION IMTN PROGRAMME

Posted Date: September 5, 2022

MARC Ratings has assigned a final rating of AAIS(cg) to funding vehicle VS Capital Management Sdn Bhd's Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion. The rating carries a stable outlook.

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based.

For full details on the assigned rating, please see VS Capital Management's preliminary rating announcement dated July 8, 2022. The complete analysis is provided in the Credit Analysis Report which is available on MARC's website at www.marconline.com.my.

Contacts: Farhan Darham, +603-2717 2945/ farhan@marc.com.my Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my Cyndy Goh, +603-2717 2941/ cyndy@marc.com.my  
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