| [The Star] Telekom Malaysia Bhd’s (TM) proposed RM2bil Islamic commercial papers programme and Islamic medium term notes programme has been respectively assigned a final short and long term ratings of P1 and AAA by RAM Ratings. The long term rating has been given a stable outlook. This reflects TM’s strong credit and financial profiles, which were underpinned by the company’s strategic importance as the national telecommunications company, said RAM Ratings. The rating agency also noted that the company’s financial position was characterised by relatively stable revenue and cashflow as well as strong debt-coverage levels. |
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