WCT Engineering Berhad’s (WCT) RM120.0 million 5% Redeemable Unsecured Bonds with detachable warrants (2000/2005) rating has been upgraded from A(s) to A+(s). The rating upgrade is due to the high cash coverage afforded to the outstanding bond brought about by the accumulation of funds in the sinking fund account. The rating also reflects WCT’s strengthening financial profile and st...