[MARC] MARC Ratings assigns final rating of AA-IS to Power Root’s RM500.0 million Sukuk Wakalah Programme

MARC Ratings has assigned a final rating of AA-IS to Power Root Berhad’s RM500.0 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable.

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 Power Root’s preliminary rating announcement dated September 3, 2024. The complete analysis is provided in the Credit Analysis Report which is available here.

Fatin Sadiqah Saberam, +603-2717 2934/ fatin@marc.com.my
Farhan Darham, +603-2717 2945/ farhan@marc.com.my
Yazmin Abdul Aziz, +603-2717 2948/ yazmin@marc.com.my