[RAM] Kedah Cement's sukuk programme ratings withdrawn upon maturity

RAM Ratings has withdrawn the AA3/Stable/P1 ratings of Kedah Cement Sdn Bhd’s (wholly owned subsidiary of Malayan Cement Berhad) RM500 mil Sukuk Wakalah Programme (2017/2024) following its maturity on 12 January 2024. Consequently, we no longer have any rating obligation in respect of the facility. 

We will continue to provide coverage of Malayan Cement’s RM5 bil Sukuk Murabahah Programme (2022/2052), the AA3/Positive/P1 ratings of which were last published on 19 February 2024.


Analytical contacts
Zachary Tan
(603) 3385 2612
zachary@ram.com.my

Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my

Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my