RAM reaffirms Axis REIT Sukuk’s ratings
MALAYSIA: RAM has reaffirmed the respective ‘AAA’, ‘AA1’, ‘AA2’ and ‘AA3’ ratings on Axis REIT Sukuk’s RM110 million (US$26.28 million) first Sukuk issue. The first Sukuk issue is backed by a portfolio of three industrial and industrial-office mixed properties and one retail property.
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