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MARC has assigned a rating of AA+IS to Westports Malaysia Sdn Bhd’s (Westports) Sukuk Musyarakah (Sukuk) Programme of up to RM2.0 billion. The rating outlook is stable. MARC has also affirmed its rating of AA+IS/Stable on Westports’ RM800 million Sukuk Musyarakah Medium Term Notes Programme, of which RM345 million is currently outstanding. The assigned rating incorporates Westports&rsq...
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MARC has affirmed its AA+IS rating of port operator Westports Malaysia Sdn Bhd’s (Westports) RM800.0 million Sukuk Musyarakah Medium-Term Notes (Sukuk Musyarakah MTN). The rating outlook is stable. The affirmed rating considers Westports’ competitive position, operational track record, continued robust cash flows from operations and financial flexibility. Since MARC’s last rating...
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MARC has affirmed the AA+IS rating of port operator Westports Malaysia Sdn Bhd’s (Westports) RM800.0 million Sukuk Musyarakah Medium-Term Notes (Sukuk Musyarakah MTN) and maintained the stable rating outlook. The affirmed rating considers Westports’ strong competitive position and operational track record in addition to its stable financial profile and ample financial flexibility. Thes...
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MARC has affirmed the AA+IS rating of port operator Westports Malaysia Sdn Bhd’s (Westports) RM800.0 million Sukuk Musyarakah Medium Term Notes (Sukuk Musyarakah MTN) and maintained the stable rating outlook. The affirmed rating is based on the company’s strong operational efficiency, sound financial profile reflected in its low gearing and strong liquidity position, and solid sponsors...
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MARC has withdrawn the AA+ rating assigned to port operator, Westports Malaysia Sdn Bhd’s RM350.0 Million Floating Rate Notes (FRN) with immediate effect. The rating withdrawal follows the full redemption and cancellation of FRN as announced by the facility agent. Contact:Rustam Apandi Jamaludin, 03-2090 2250/ rustam@marc.com.my; Khairul Emran Mahmud, 03-2090 2278/ emran@marc.com....
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MARC has assigned an initial rating of AA+IS for Westports Malaysia Sdn Bhd’s (Westports) proposed RM800 Million Sukuk Musyarakah Medium-Term Notes. The rating has a stable outlook. The rating is supported by the company's track record of solid operating performance and strong financial profile. The rating further benefits from an experienced management team and the long standing customer re...
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MARC has upgraded the corporate debt rating of Westports Malaysia Sdn Bhd’s (Westports) RM350 million Floating Rate Notes. The rating has been upgraded to AA+ from AA. The rating outlook is stable. The rating upgrade and outlook reflects MARC’s expectations that the port operator will maintain its very strong financial profile with good top-line growth and strong earnings growth. Reven...
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MARC has revised its outlook on Westports Malaysia Sdn Bhd’s (Westports) AA rating of its RM350 million Floating Rate Notes to positive from stable. The outlook revision reflects Westport’s improving financial profile. Westports posted RM753.0 million revenue for the first 11 months of FY07, up 10.5% from the corresponding period in FY06 in line with the higher cargo ...
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MARC has reaffirmed the rating of Westports Malaysia Sdn Bhd’s (Westports) (formerly known as Kelang Multi Terminal Sdn Bhd) RM350 million Floating Rate Notes at AA. The rating outlook on the notes is stable. The rating reflects Westports’ consistently sound financial performance, its strategic location, and the growth prospects for port traffic. The port benefits fro...
This article has been viewed 1019 times.
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