MARC Ratings revises Tropicana’s ratings outlook to stable

KUALA LUMPUR: MARC Ratings Bhd has revised its outlook on Tropicana Corp Bhd’s rated programmes to stable from negative.

In a statement, the rating agency said the ratings on the programmes, the RM1.5bil Islamic medium-term notes (IMTN) (Sukuk Wakalah) and RM2.0bil perpetual Sukuk, have been affirmed at AIS and A-IS.