The short and long term ratings of Ranhill Berhad’s (Ranhill) Murabahah Commercial Papers (MCP)/Murabahah Medium Term Notes (MMTN) Programme have been upgraded to MARC-1ID and A+ID respectively. The upgrade is underpinned by the Group’s diversification into the power and water sectors which provide a stable income stream to mitigate the cyclical nature of the construction industry an...

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...