RAM ratings reaffirms UniTapah's AA1 stable rating / News Team UiTM Perak

RAM Ratings has reaff irmed the AA1/Stable rating of UniTapah Sdn Bhd's (the Company) SukukMurabahah of up to RM600 mil (2014/2035). This is premised on the Company's strong and predictablecashflow debt-service coverage, supported by prompt receipts of monthly Availability Charges (ACs) fr...

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Main Author: UiTM Perak, News Team (Author)
Format: Book
Published: Universiti Teknologi MARA, Perak, 2020-08.
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520 |a RAM Ratings has reaff irmed the AA1/Stable rating of UniTapah Sdn Bhd's (the Company) SukukMurabahah of up to RM600 mil (2014/2035). This is premised on the Company's strong and predictablecashflow debt-service coverage, supported by prompt receipts of monthly Availability Charges (ACs) fromUniversity Teknologi MARA (UiTM). The rating is further supported by UniTapah's good maintenance trackrecord and low counterparty risk. 
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