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MARC Ratings has affirmed its rating on port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) RM2.15 billion Islamic Medium-Term Notes (Sukuk Murabahah Programme) at AAIS. The rating outlook is stable. The rating affirmation is driven by PTP’s strong position as the operator of a key container transhipment port in the region that has benefitted from continued investments and the experti...
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MARC Ratings has upgraded port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) RM2.15 billion Islamic Medium-Term Notes (Sukuk Murabahah Programme) rating to AAIS from AA-IS. The rating outlook is stable. The outstanding under the rated programme stood at RM2.1 billion as at March 13, 2023.The rating upgrade is premised on PTP’s strengthened credit profile, driven by higher cash flow genera...
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MARC Ratings has affirmed its AA-IS rating on port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s Islamic Medium-Term Notes (Sukuk Murabahah Programme) and revised the rating outlook to positive from stable.The outlook revision factors in PTP’s steadily improving credit profile, reflected by stronger cash flow generation that has led to improvement in debt and interest coverages in recent years....
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MARC has affirmed its AA-IS rating on port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) Islamic Medium-Term Notes (Sukuk Murabahah Programme). The rating outlook is stable. The rating has considered the increase in PTP’s programme limit to RM2.15 billion from RM1.9 billion.The affirmed rating is mainly driven by PTP’s strong position as a key regional transhipment container port which ...
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MARC has assigned a final rating of AA-IS with a stable outlook to Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) proposed RM1.9 billion Sukuk Murabahah Programme.The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation which was used for the preliminary rating assessment.&...
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MARC has assigned a preliminary rating of AA-IS to port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) proposed RM1.9 billion Islamic Medium Term Notes (Sukuk Murabahah Programme). The rating outlook is stable. The rating reflects PTP’s strong market position as a key transhipment port in the region, its ability to generate strong cashflow and maintain healthy port performance that ha...
This article has been viewed 976 times.