Tropicana’s RM1b unbilled sales provides earnings visibility through 2023

Tropicana Metropark's Paisley Serviced Residences.MARC pointed out Tropicana’s established position in the domestic property industry and its moderate financial risks remain the key rating drivers.

KUALA LUMPUR: Tropicana Corporation Bhd’s large unbilled sales of about RM1bil provides earnings visibility through 2023 while it has an established position in the domestic property industry, Malaysian Rating Corporation (MARC) says.

It had on Thursday affirmed its A+IS rating on Tropicana’s RM1.5bil Islamic medium-term notes programme with a stable outlook.