PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has assigned a rating of AAAIS (fg) to Antara Steel Mills Sdn Bhd’s RM300mil sukuk mudharabah programme.
The ratings agency said Antara’s standalone credit profile had improved marginally in the nine-month period ended March 31 (9MFY17), against a higher capacity utilisation rate at its hot briquetted iron operations in Labuan, in line with higher steel prices.
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