Top Glove corporate credit rating upgraded


Top Glove Corp Bhd welcomes Malaysian Rating Corp Bhd’s (MARC) upgrade of the company’s corporate credit rating from AA in 2020 to AA+ in 2021.

SHAH ALAM: Top Glove Corp Bhd welcomes Malaysian Rating Corp Bhd’s (MARC) upgrade of the company’s corporate credit rating from AA in 2020 to AA+ in 2021.

This improved rating of AA+ represents the second highest rating to be awarded to a corporate and is one notch away from the highest attainable rating of AAA.

“We are very honoured to receive strong ratings by an established institution as MARC. This speaks to the health of our financial fundamentals and our sound management team, as well as MARC’s confidence in the long-term sustainability of our business, ” said managing director Datuk Lee Kim Meow in a statement yesterday.

“We are both inspired and committed to continue doing more and doing better for our all stakeholders. In this regard, our priority is investing in and enhancing our business operations from an ESG perspective, ” said managing director Datuk Lee Kim Meow in a statement yesterday.

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