Sime Darby Property Berhad's Sukuk Musharakah Program Maintains AA+ Rating
Sime Darby Property Berhad's (SDP) Sukuk Musharakah program continues to showcase financial resilience with a third consecutive AA+ rating by MARC Ratings Berhad. The outlook remains stable, underscoring the group’s robust fundamentals.
Morgan Riley
- 2023-12-27
- Updated 06:16 AM ET
(NewsNibs) - Sime Darby Property Berhad's Sukuk Musharakah program has been reaffirmed with an AA+ rating for the third year running, a demonstration of the company's continued financial robustness and stability. MARC Ratings Berhad, a prominent credit rating agency, provided the rating, highlighting the confidence in SDP’s economic position and prospects. With the maintained rating, SDP retains its position as a solid performer with a stable financial outlook, fuelling investor confidence in the company's debt instruments.
Strong Fundamentals and Growth Prospects
The AA+ rating reflects the underlying strength of SDP Group's fundamentals and the growth prospects envisaged by the company. Managing Director Datuk Azmir Merican has expressed that this reaffirmation of the company’s credit rating is indicative of SDP’s steadfast commitment to maintaining a strong balance sheet and its potential for sustained growth. Such a rating, particularly consistent over multiple years, is indicative of the company's disciplined financial approach and its adeptness in managing its investment strategies.
Continuous Recognition of Stability
The stable outlook associated with the AA+ rating is crucial for SDP as it approaches future market endeavors and seeks to attract further investment. The continued recognition of stability for three successive years serves as a testimony to the group's resilient business model and effective management, assuring stakeholders of the company's disciplined strategic direction and risk management capabilities.
The reiteration of the AA+ rating for Sime Darby Property Berhad's Sukuk Musharakah program by MARC Ratings Berhad stands as an affirmation of the company’s solid financial health and effective corporate governance. With steady leadership and a clear vision for growth, SDP is well-positioned to navigate the challenges of the property market, with an optimistic outlook for the company's financial future.
