PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB)’s acquisition of Istanbul Sabiha Gokcen International Airport (ISG) for RM1.18bil is credit negative, despite the rights issue financing, according to Moody’s Investors Service.
“Although the amount raised by the rights issue fully funds the ISG purchase, it is not enough to prevent the purchase from being credit negative for MAHB.
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