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

MISC Eagle Pilar. MARC said over the medium term, MISC’s two key segments’ performance will depend on the sustainability of oil demand.

PETALING JAYA: Malaysian Rating Corp 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 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.