Outlook on Pelabuhan Tanjung Pelepas' RM1.9b Sukuk rated stable

To recap, PTP operates Pelabuhan Tanjung Pelepas port under a long-term concession expiring in 2055 and benefits from the port’s strategic location at the southern tip of the Straits of Malacca, along the Europe-Asia trading route.

KUALA LUMPUR: Port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) proposed RM1.9bil Sukuk Murabahah programme has been rated stable due to the strong market position as a key transhipment port in the region.

Malaysian Rating Corporation (MARC) said on Tuesday it had assigned a preliminary rating of AA-IS to the Islamic medium term notes (IMTNs). The rating outlook is stable.