MARC has received confirmation from the Facility Agent, RHB Sakura Merchant Bankers Berhad, that Kertih Terminals Sdn Bhd’s RM500 Million Revolving Underwritten Facility with Term Loan Conversion (1999/2004) has been fully settled. As such, MARC no longer has any rating obligation on the Facility and the respective MARC-1 rating is hereby withdrawn....

Kertih Terminals Sdn Bhd’s (KTSB) rating has been reaffirmed at MARC-1, reflecting the company’s resilient financial position, declining debt leverage level and stable cash flows generated from the long term contracts by the terminal users. KTSB was incorporated to undertake the construction and operation of a Centralized Tankage Facility (CTF) for PETRONAS’ Integrated Petrochemical Complex ...

MARC has reaffirmed the rating of Kertih Terminals Sdn Bhd’s (KTSB) RM500 million revolving underwritten facility with term loan conversion (1999/2004) at MARC-1. The rating reflects the company’s strong financial position, stable and predictable cash flows generated from the long term contracts by the terminal users as well as financially strong and established shareholders.KTSB was incorpora...

Malaysian Rating Corporation Berhad has reaffirmed the short-term rating of MARC-1 for Kertih Terminals Sdn Bhd’s (KTSB) RM500.0 million Revolving Underwritten Facility (RUF) with term loan conversion (1999/2004). The reaffirmation of the rating reflects the completion of Phase 2 of the Centralized Tankage Facility (CTF) which provides additional stream of revenue to Kertih Terminals Sdn B...

The rating of MARC-1 has been reaffirmed, reflecting Kertih Terminals Sdn Bhd’s (KTSB) better-than-projected financial position, stable and predictable cash flows generated by take-or-pay contracts for terminal usage, financially strong and experienced project sponsors and the highly qualified senior management team.KTSB was incorporated to undertake the construction and operation of a Centrali...

The rating of MARC-1 has been affirmed, reflecting the better-than-projected financial position, stable and predictable cash flows generated by take-or-pay contracts for terminal usage, the facility’s advanced construction status, financially strong and experienced project sponsors and the highly qualified senior management team.Kertih Terminals Sdn Bhd (KTSB) was incorporated to undertake the c...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Kertih Terminals Sdn Bhd’s (KTSB) RM500.0 million Revolving Underwriting Facility (RUF). The rating reflects the strength, experience and financial backing of the project sponsors, namely PETRONAS, GATX Terminals and the Dialog Group; the advanced stage of construction of Phase I; reduced construction risk;...