MARC has affirmed its AA- and AA-IS ratings on WCT’s RM1bil medium-term notes (MTN) programme and RM1.5bil Sukuk Murabahah programme.
KUALA LUMPUR: WCT Holdings Bhd
’s strong construction order book of RM5.4bil at end-June 2021 provides earnings visibility over the next four years, Malaysian Rating Corporation (MARC) said.
It said on Friday that WCT’s infrastructure contracts are largely from the government or government-linked companies, counterparty credit risk is substantially mitigated.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
