KUALA LUMPUR: Malaysian Rating Corporation (MARC) expects SapuraKencana Petroleum Bhd's free cash flow generation to remain constrained over the next two years due to growth-related capital expenditure (capex).
The ratings agency said on Friday that SapuraKencana's capital commitments were RM2.8bil as at end-October 2012. This would put the group's cash flow coverage metrics temporarily at levels below applicable rating category medians.
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