[RAM] Errata: Amendment in Heliosel's rating rationale

RAM Ratings has corrected pages 3, 15 and 17 of the rating rationale for Heliosel Sdn Bhd (Heliosel). The amended rationale, republished on our website, supersedes the version released on 21 July 2025. Under Heliosel’s RM150 mil Guaranteed IMTN, RAM Ratings added further description to the Issuer’s minimum finance service cover ratio (FSCR) requirement. The appendix on Heliosel’s financials was concurrently updated. 


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Joel Thum
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joel@ram.com.my

Chong Van Nee, CFA
(603) 2708 8210
vannee@ram.com.my

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(603) 2708 8212
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