MARC has affirmed its AA- rating on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) up to RM800.0 million Medium Term Note Programme (MTN) with a stable outlook. The rating action affects the outstanding RM580.0 million under the MTN programme. The affirmed rating reflects Sports Toto’s strong cash flow generation from its longstanding involvement in the Numbers Forecasting Operations (NF...

MARC has affirmed its AA- rating on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) Medium Term Note Programme (MTN) of up to RM800 million with a stable outlook. The rating action affects the outstanding RM550 million MTN notes under the programme. The affirmed rating incorporates Sports Toto’s very strong cash flow generating ability from its number forecast operations (NFO), its entren...

MARC has affirmed its AA- rating on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) Medium Term Note Programme (MTN) of up to RM800 million with a stable outlook. Maintenance of Sports Toto’s rating is premised on the strong cash flow generating ability of its gaming operations and its entrenched market position in Malaysia’s numbers forecast operations (NFO) industry. MARC notes Sp...

MARC has assigned an AA- rating to Sports Toto Malaysia Sdn Bhd’s (Sports Toto) proposed Medium Term Note Programme (MTN) of up to RM800 million with a stable outlook. The rating is premised on the reliability of Sports Toto’s cash flow from its number forecast operations (NFO), its leading and entrenched market position in the oligopolistic NFO gaming industry and modest capital expen...