YTL units get upgrade on better earnings

The local credit rating agency has upgraded YTL Corp Bhd and YTL Power International Bhd’s outlook in the long term to “stable”, while Malayan Cement Bhd’s rating was reaffirmed as “stable”.

PETALING JAYA: RAM Rating Services Bhd has upgraded and reaffirmed the credit quality of three listed entities of YTL Group on the back of improved earnings and dividend paying capabilities, along with a proven operating track record.

The local credit rating agency has upgraded YTL Corp Bhd and YTL Power International Bhd’s outlook in the long term to “stable”, while Malayan Cement Bhd’s rating was reaffirmed as “stable”.