Islamic Finance 

MARC assigns final ratings of MARC-1IS/AA-IS to serba dinamik’s RM1.5 billion multi-currency ICP/IMTN programmes; outlook stable

| 07 September, 2018

MARC has assigned final ratings of MARC-1IS/AA-IS with a stable outlook to Serba Dinamik Holdings Berhad’s (Serba Dinamik) proposed RM500 million multi-currency Islamic Commercial Papers Programme and RM1.5 billion Islamic Medium-Term Notes Programme (collectively, the Sukuk Wakalah programmes) with a combined limit of RM1.5 billion.

Upon review of the final documentation for the programmes, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary ratings of MARC-1IS/AA-IS  were based.

For full details of the assigned ratings, please see Serba Dinamik’s preliminary rating announcement on August 3, 2018. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at


Contact: Taufiq Kamal, +603-2717 2951/


September 7, 2018


[This announcement is available in MARC’s corporate homepage at]

---- DISCLAIMER ----

This communication is provided by Malaysian Rating Corporation Berhad (MARC) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.


© 2018 Malaysian Rating Corporation Berhad