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Home News Item RAM Ratings reaffirms First Resources’ AA2/Stable sukuk rating (RAM Holdings Berhad)
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RAM Ratings reaffirms First Resources’ AA2/Stable sukuk rating (RAM Holdings Berhad)

oktober 31, 2015by 0

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(Source: RAM Holdings Berhad) Published on 30 October 2015 RAM Ratings has reaffirmed the AA2/Stable rating of First Resources Limited’s (First Resources or the Group) RM2.0 billion Sukuk Musharakah Programme (2012/2022). Among the 10 largest (by planted hectarage) listed oil palm planters globally, First Resources’ favourable tree maturity profile (the weighted average age of its palms standing at about 9 years) remains an important growth driver for the Group. In 1H FY Dec 2015, the recovery of the Group’s Riau estates from biological tree stress and the successful rehabilitation of acquired plantations had fuelled an 18% y-o-y growth in fresh fruit bunch (FFB) production, with crude palm…

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