The rating of Reliance Pacific Berhad’s (“RPB” or “the Group”) RM100 million Redeemable Secured Bonds (2001/2006) has been reaffirmed at A- (A minus). Underpinning the rating is the expected sustained growth in the travel and tourism industry and the group’s overall improved financial profile. The rating, however, is moderated by RPB’s somewhat high debt l...

MARC has upgraded the rating of Reliance Pacific Berhad’s (RPB or group) RM100 million Redeemable Secured Bonds (2001/2006) to A- (A minus). The upgrade is underpinned by the improvement in the travel and tourism industry and the group’s overall improved financial profile. The group returned to profitability after three consecutive years of losses whilst operating cash flow level ret...

Reliance Pacific Berhad’s (RPB) rating is reaffirmed at BBB+ reflecting the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and established brand name; coupled with improving sentiments in the travel and tourism industry. The rating, however, continues to be moderated by the group’s weak cash flow position and...

Reliance Pacific Berhad’s (RPB) rating downgrade is based upon the continued weakness of the group’s financial profitability and cash flow position, reflecting the adverse effects of SARS and terrorism on the tourist industry; the general softening in international tourist arrivals; and stiff price competition amongst industry participants. Generating sales and maintaining hotel rev...