The affirmation of the ratings reflects Pesaka Astana (M) Sdn Bhd’s (PASB) competitive position as a leading assembler and provider of customized heavy-duty and specialized vehicles for agencies like the Ministry of Defence (MINDEF) and Fire and Rescue Department (BOMBA) and an issue structure that has identified the source of repayment for the ABBA and CP/MTN. These factors are, however, ...

The ratings assigned are underpinned by Pesaka Astana (M) Sdn Bhd’s (PASB) competitive position as the leading assembler and provider of customized heavy-duty and specialized vehicles for the Ministry of Defence (MINDEF) and Fire and Rescue Department (BOMBA); the tight issue structure; and the company’s continued improvement in its profitability measures. These factors are, however...