MARC RATINGS MAINTAINS RATING ON MMC'S UPSIZED SUKUK

MARC Ratings has maintained its AA-IS rating on MMC Corporation Berhad's (MMC) Sukuk Murabahah Programme following an upsize of the programme limit to RM3.5 billion from RM2.5 billion. The rating outlook remains stable.

Proceeds from issuances under the upsized programme will be used to fund working capital for its engineering projects, among others. The rating remains underpinned by MMC's competitive strengths and longstanding track record in key sectors of the economy, including ports and logistics, engineering, and energy and utilities.

Full details on the rating have been provided in MMC's Credit Analysis Report published on November 8, 2024, which is available on MARC's website at https://online.marc.com.my.

Contacts:
Cyndy Goh, +603-2717 2941/ [email protected]
Vanessa Leong, +603-2717 2931/ [email protected]
Taufiq Kamal, +603-2717 2951/ [email protected]

March 7, 2025

[This announcement is available on MARC's corporate website at www.marc.com.my]

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This communication is provided by Malaysian Rating Corporation Berhad and any of its subsidiaries or affiliates ("MARC") based on the information, reasonably believed by MARC to be accurate and reliable to the greatest extent, derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified the source of such information and makes no representation as to the accuracy, completeness and timelines of such information. Any assignment of a credit rating by MARC shall at all times solely be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell or hold any security and/or investment.

? 2025 MARC Ratings Berhad
202001041436 (1397757-W)

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