[RAM] RAM Ratings withdraws preliminary rating of Zikay's proposed Sukuk Wakalah Programme

RAM Ratings has received confirmation from the sponsor, Zikay Factoring Sdn Bhd, that its funding conduit – Qiradh Capital Sdn Bhd (the Issuer) – will not proceed with the final rating exercise for its Senior Sukuk, to be issued under Qiradh’s 10-year RM200 mil Sukuk Wakalah Programme. We have therefore withdrawn the AA3/Stable preliminary rating of the Senior Sukuk and no longer have any rating obligation in respect of it.

Analytical contact
Tan Han Nee
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