KUALA LUMPUR – Moody’s Investors Service has assigned a (P)A3 senior unsecured rating to the US$10 billion (RM45.5 billion) guaranteed euro medium-term note (MTN) programme of Khazanah Nasional Bhd’s (A3 stable) wholly owned financing subsidiary, Khazanah Capital Ltd.
The programme is irrevocably and unconditionally guaranteed by Khazanah Nasional.
Moody’s has also assigned a (P)A3 senior unsecured rating to the US$5 billion multi-currency sukuk issuance programme of Khazanah Nasional’s wholly owned financing subsidiary, Khazanah Global Sukuk Bhd.
In a statement today, Moody’s vice-president and senior analyst Maisam Hasnain said the obligations under the sukuk programme represent direct, unconditional, unsubordinated and unsecured obligations of Khazanah Nasional as the obligor and, except for obligations mandatorily preferred by law, will at all times rank equally with all other present and future unsecured and unsubordinated obligations of the sovereign wealth fund.
It said the outlook is stable. – Bernama, May 23, 2023
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