MARC upgrades Top Glove on strong revenue, cashflow

The rating agency said on Tuesday it had upgraded the world’s largest glove maker’s corporate credit rating to AA+ from AA.

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has upgraded Top Globe Corporation Bhd’s corporate credit rating following the significant increase in Top Glove’s revenue and cash flow due to the surge in glove sales during the Covid-19 pandemic.

The rating agency said on Tuesday it had upgraded the world’s largest glove maker’s corporate credit rating to AA+ from AA.