MARC has reaffirmed the rating of AAA(s)ID to Kuching Port Authority’s (KPA) RM180 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). The rating reflects the strength of the support provided by the State Government of Sarawak, through a Letter of Support, which ensures the timely and full redemption of the BaIDS. Hence, the current rating of KPA reflects the credit strength...

The reaffirmation of Kuching Port Authority’s (KPA) Islamic debt securities at AAA(s) reflects the strength of the support provided by the State Government of Sarawak, through the Letter of Support, in ensuring the timely and full redemption of the RM180 million Al-Bai’ Bithaman Ajil Islamic debt Securities (BaIDS). Hence, the current rating of KPA reflects the credit strength of the state of ...

The reaffirmation of Kuching Port Authority’s (KPA) Islamic debt securities facility at AAA(s) reflects the strength of the support provided by the State Government of Sarawak in ensuring the timely and full redemption of the BaIDS facility. Hence, the current rating of KPA reflects the credit strength of the state of Sarawak which is superior to KPA’s credit standing. The strong investment in...

MARC affirms Kuching Port Authority’s (KPA) Islamic debt rating of AA+(s)ID (Double A plus, Islamic Debt). The rating reflects the strength of the support provided by the State Government of Sarawak (vide its Letter of Support dated 30 November 2001) in ensuring the timely and full redemption of the notes under the said facility. Kuching Port is currently the Sarawak state’s premier port servi...

MARC has assigned an Islamic Debt rating of AA+(s)ID (double A plus, support; Islamic Debt) in respect of Kuching Port Authority’s (KPA) issue of RM180 million Al-Bai Bithaman Ajil Islamic Debt Securities. The rating reflects the strength of the support provided by the State Government of Sarawak (vide its Letter of Support dated 30 November 2001) in ensuring the timely and full redemption of t...