Rating action            MARC Ratings has affirmed its MARC-1IS/AAIS ratings on Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes with a stable outlook. As at end-May 2024, there is no amount outstanding under the programmes.Alam Flora provides waste collection and public cleansing services (co...

Rating action            MARC Ratings has affirmed its MARC-1IS/AAIS ratings on Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes with a stable outlook. There is currently RM1.0 million outstanding under the programmes.Alam Flora provides waste collection and public cleansing services (concessi...

Rating action            MARC Ratings has assigned ratings of MARC-1IS/AAIS to Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes with a stable outlook. RationaleThe assigned ratings are primarily driven by the strength of Alam Flora’s long-term concession agreement (CA) with the Governme...