RAM RATINGS REAFFIRMS BINTULU PORT HOLDINGS' AA1 RATING AND AA1(S)/STABLE RATING OF SAMALAJU'S SUKUK
| BINTULU PORT HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | RAM RATINGS REAFFIRMS BINTULU PORT HOLDINGS' AA1 RATING AND AA1(S)/STABLE RATING OF SAMALAJU'S SUKUK |
RAM Ratings has reaffirmed the AA1/Stable/P1 corporate credit ratings of Bintulu Port Holdings Berhad (“BPHB”). The reaffirmation is premised on BPHB’s crucial role as the operator of Malaysia’s only export terminal for liquefied natural gas and a facilitator of the development of the Sarawak Corridor of Renewable Energy. Likewise, RAM Ratings has also reaffirmed the AA1(s)/Stable rating of Samalaju Industrial Port Sdn Bhd’s (“SIPSB”) Sukuk Murabahah Programme of up to RM950 mil (2015/2036). The suffix (s) denotes support afforded by an unconditional and irrevocable corporate guarantee from Bintulu Port Holdings Berhad – SIPSB’s parent company. A copy of the media release issued by RAM Ratings dated 22 December 2021 is attached. This announcement is dated 21 January 2022. | |
Please refer attachment below.