MARC has affirmed its AA- and AA-IS ratings on WCT’s RM1bil medium-term notes (MTN) programme and RM1.5bil Sukuk Murabahah programme.
KUALA LUMPUR: WCT Holdings Bhd
’s strong construction order book of RM5.4bil at end-June 2021 provides earnings visibility over the next four years, Malaysian Rating Corp (MARC) said.
MARC in a statement yesterday said that with WCT’s infrastructure contracts largely from the government or government-linked companies, counter-party credit risk is substantially mitigated.
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