The reaffirmation of Road Builder (M) Holdings Bhd’s (RBH) corporate credit rating of A+ reflects the good financial performance of the group, its strong competitive position in the construction business, experienced management team and strong financial flexibility. The rating is, however, moderated by the inherent cyclicality of the construction and property industries as well as the inc...

The affirmed ratings of Ranhill Berhad (Ranhill) reflect the company’s competitive position in the engineering and construction industry; strong order book; expansion into the water and power industries; and a tight underlying issue structure. The ratings, however, are moderated by the company’s weak liquidity position. The Ranhill Group is mainly involved in the engineering, procur...

Pembinaan Mitrajaya Sdn Bhd’s (PMSB) ratings assigned to the Islamic debts reflect the strength of the issue structure, which includes the assignment of contract proceeds for the purpose of the redemption of the Murabahah Multi-Option facility; its good track record and competitive position, improvement in economic outlook; and the company’s improving financial position. The rating...

The reaffirmation of Pembinaan Mitrajaya Sdn Bhd’s (PMSB) long term rating of A-ID (A minus, Islamic Debt) and short term rating of MARC 2ID reflect the assignment of contract proceeds for the purpose of redemption of the ABBA and MUNIF facilities; the strength of the issue structure; its good track record; its competitive position; improvement in economic outlook; and the company’s...