[MARC] MARC Ratings assigns final rating of MARC-1IS to OCK’s ICP Programme

MARC Ratings has assigned a final rating of MARC-1IS to OCK Group Berhad’s (OCK) RM500.0 million Islamic Commercial Papers (ICP) Programme.

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 OCK’s preliminary rating announcement dated April 18, 2024. The complete analysis is provided in the Credit Analysis Report which is available here.

Tan Weng Kit, +603-2717 2961/ wengkit@marc.com.my
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my