KUALA LUMPUR: Lower occupancy rate at gateway@klia2 mall and retail closures due to the Covid-19 pandemic have weakened Segi Astana Sdn Bhd’s credit profile resulting in Malaysian Rating Corporation (MARC) downgrading the company’s debt notes.
MARC said it lowered its rating on Segi Astana’s RM415mil Asean green medium-term Notes (MTN) facility to A+ from AA-. The rating outlook was maintained at negative.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!