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 7 November 2022 is attached. | |
Please refer attachment below.