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RAM reaffirms YTL Corp's debt notes ratings


Additionally, excess generating capacity still plagues the Singaporean power market, causing YTL PowerSeraya Pte Ltd to incur a pre-tax loss in 1H FY Jun 2019.

Additionally, excess generating capacity still plagues the Singaporean power market, causing YTL PowerSeraya Pte Ltd to incur a pre-tax loss in 1H FY Jun 2019.

KUALA LUMPUR: RAM Ratings has reaffirmed the AA1/Stable ratings of YTL Corporation Bhd ’s RM500mil medium term notes (MTN) programme (2004/2019) and RM2bil MTN programme (2013/2038).

It said on Friday the reaffirmation of the ratings is supported by the ongoing stream of dividend payments from YTL Corp’s operating entities to service its company-level debts. 

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