KUALA LUMPUR, Jan 18 (Bernama) -- Malaysian Rating Corporation Bhd (MARC) has affirmed the "AAIS" rating on special purpose vehicle Diversified Venue Sdn Bhd's RM200 million Sukuk Al-Ijarah Master Programme. It also maintains the rating outlook at stable. Proceeds from the issue were used to fund the purchase of Mercu UEM, UEM Group Bhd (UEM)'s corporate headquarters, from First Impact Sdn Bhd. "The affirmed rating reflects the credit strength of UEM, the intermediate holding company of Diversified Venue, as the liquidity support provider for the sale-and-leaseback transaction with regard to the building," MARC said in a statement Monday
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