[RAM] RAM Ratings assigns final AAA(fg)/Stable rating to Hektar REIT's RM230 mil Guaranteed Tranche(s)

RAM Ratings has assigned a final rating of AAA(fg)/Stable to Hektar MTN Satu Sdn Bhd’s (Hektar MTN Satu) Guaranteed Tranche(s) of up to RM230 million (under its RM500 million MTN programme). We have reviewed the relevant transaction documents and found them to be in line with our expectations when we assigned the preliminary rating, published on 27 December 2023 (click here).

Hektar MTN Satu is a wholly owned subsidiary of Hektar Real Estate Investment Trust (Hektar REIT), set up solely as a funding conduit for the MTN programme. Please refer to our final rating rationale for details on the assigned rating.


Analytical contacts
Joel Thum
(603) 3385 2517
joel@ram.com.my

Tan Han Nee
(603) 3385 2529
hannee@ram.com.my

Media contact
Sakinah Arifin
(603) 3385 2500
sakinah@ram.com.my