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MARC has received confirmation from the facility agent that Gas District Cooling (KLIA) Sdn Bhd’s CP/MTN Facility has been fully redeemed. As such, MARC no longer has any rating obligation on the Facility and the respective MARC-1ID and AAID ratings are hereby withdrawn....
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MARC has reaffirmed the long term and short term ratings on Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) CP/MTN at AAID/MARC-1. The ratings reflect GDC KLIA’s captive offtake demand for its chilled water and electricity, strong shareholder support, consistent financial performance reflected by improving debt leverage position and robust profit margin. GDC KLIA operates and maintains the Di...
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MARC has upgraded the long-term rating on Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) RM207 Million Murabahah Commercial Paper/Medium-Term Notes to AAID while the short term rating has been reaffirmed at MARC-1. The ratings reflect GDC KLIA’s captive offtake demand for its chilled water and electricity, strong shareholder support, consistent financial performance reflected by improving de...
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MARC has reaffirmed the ratings of GDC (KLIA) Sdn Bhd’s (GDC KLIA) RM207 million Murabahah Commercial Paper/Medium-Term Notes at MARC-1ID/AA-ID (double A minus, Islamic debt securities). The reaffirmations reflect GDC KLIA’s captive offtake demand for its chilled water and electricity, strong shareholder support, low operation risk and improved financial performance. The ratings, however, con...
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Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) reaffirmed ratings reflect the captive offtake demand for its chilled water and electricity; strong shareholder support; low operation risk and improved financial performance. The ratings are, however, moderated by the credit quality of its offtakers and its high, though declining debt leverage. GDC KLIA operates and maintains the District Cooli...
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Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) ratings are supported by the captive market for its products, namely chilled water and electricity; strong supportive shareholders; efficient operation and strengthened financial profile. The ratings are, however, moderated by the late collection of accounts receivable and high, though declining debt leverage. The ratings outlook is stable, refle...
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