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RAM Ratings reaffirms ratings of Axis REIT Sukuk’s MYR 155 million Second Sukuk Issue
The ratings are premised on collateral support generated by the assessed capital value of the transaction’s underlying portfolio – 4 office buildings in Petaling Jaya the Properties– which is secured by a 3rd party legal charge over the Properties. Credit support is reflected by the respective loan-to-value and stressed debt-service…
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