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MARC Ratings has affirmed its rating on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion at AA-IS with a stable outlook. The rating affirmation is driven by the strong operational track record and healthy cash flow generation of PPSB, the operator of Penang Port, a key trade gateway port in northern Peninsular Malaysia that handles container a...
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MARC Ratings has affirmed its rating of AA-IS on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion with a stable outlook. The rating affirmation incorporates PPSB’s strength as the operator of Penang Port, a key trade gateway port in northern Peninsular Malaysia, and its cash flow generation ability from handling container and conventional ca...
This article has been viewed 351 times.
MARC has affirmed its rating of AA-IS on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion with a stable outlook.The affirmed rating factors in PPSB’s strength as the operator of Penang Port, a key trade gateway port in northern Malaysia, in generating steady cash flow from handling container and conventional cargo in the region. Operating under a...
This article has been viewed 539 times.
MARC has affirmed its rating of AA-IS on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion with a stable outlook. PPSB operates Penang Port under a long-term concession agreement expiring on December 31, 2041. The affirmed rating factors in our view that Penang Port would be able to weather the challenging trade environment stemming from the im...
This article has been viewed 513 times.
MARC has assigned a final rating of AA-IS with a stable outlook to Penang Port Sdn Bhd’s (PPSB) proposed Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion.
Upon review of the final documentation for the programme, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-...
This article has been viewed 767 times.
MARC has assigned a preliminary rating of AA-IS to port operator Penang Port Sdn Bhd’s (PPSB)
proposed Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion.
The rating carries a stable outlook. PPSB operates Penang Port under a
long-term concession agreement expiring on December 31, 2041. Proceeds from the
proposed issuance will be entirely used t...
This article has been viewed 900 times.
MARC has assigned a preliminary rating of AA-IS to port operator Penang Port Sdn Bhd’s (PPSB)
proposed Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion.
The rating carries a stable outlook. PPSB operates Penang Port under a
long-term concession agreement expiring on December 31, 2041. Proceeds from the
proposed issuance will be entirely used t...
This article has been viewed 718 times.