MARC affirms rating on MISC’s RM2.5b Islamic notes, stable outlook

File pic shows a MISC LNG tanker, Camellia.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its AAAIS rating on MISC Bhd’s RM2.5bil Islamic medium-term notes programme with a stable outlook.

The rating agency said on Monday the affirmed rating incorporates MISC’s position as a key global player in the energy-related shipping business, its stable revenue generation from long-term liquefied natural gas (LNG) and offshore contracts, as well as its healthy liquidity position.