MARC affirms rating on Segi Astana's RM415m debt notes

Segi Astana operates the integrated complex (mall, carpark and transportation hub) at Kuala Lumpur International Airport 2 (klia2) under a build-operate-transfer concession expiring in 2047, revised from 2037 earlier, after a 10-year extension was granted by MAHB.

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415mil Asean Green Medium-Term Notes facility (MTN facility). The outlook is revised to stable from negative.

“Segi Astana’s rating and the outlook mirror its parent WCT Holdings’ senior debt ratings of AA- with stable outlook which was revised from negative on Aug 28,2019, ” it said on Wednesday.