RAM: Brexit has no immediate impact on YTL Power, YTL Corp ratings

KUALA LUMPUR: RAM Ratings is not expecting an immediate impact of the Brexit on the AA1/stable ratings of YTL Power International Bhd’s and YTL Corp Bhd’s debt facilities.

The rating agency said in a statement yesterday that the group exposure to the United Kingdom was largely via YTL Power’s wholly-owned subsidiary Wessex Water Services Ltd, a water and sewerage service provider in south-west England.