[MARC] MARC Ratings assigns final ratings to Trusmadi Capital’s Issue 2 MTN

MARC Ratings has assigned final long-term ratings of AAA (Class A MTN of up to RM220 million), AA (Class B MTN of up to RM40 million) and A (Class C MTN of up to RM40 million) to Trusmadi Capital Sdn Bhd’s Issue 2 under the Medium-Term Notes (MTN) Programme of RM3.0 billion. The outlook on all ratings 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 ratings were based.

For full details on the assigned ratings, please see Trusmadi Capital’s Issue 2 preliminary rating announcement dated February 10, 2025. 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