MARC affirms Segi Astana’s RM415m ratings, lowers outlook

“The outlook revision reflects MARC’s concern that the sharp decline in passenger traffic volume at Kuala Lumpur International Airport 2 (klia2) due to the Covid-19 pandemic would impact the business and financial performance of Segi Astana’s gateway@klia2 mall, ” it said.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415mil Asean green medium-term notes facility (MTN facility).

MARC said on Wednesday the rating outlook was revised to negative from stable. The current outstanding under the rated facility is RM365mil.