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Article: RAM Ratings keeps DFZ Capital's A2, P2 ratings.
- Article from:
- ADP Debt News
- Article date:
- August 24, 2009
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(ADPnews) - Aug 24, 2009 - RAM Ratings confirmed today its long-term A2 and short-term P2 ratings on the MYR 60 million (USD 17m/EUR 12m) commercial papers/medium-term notes programme (CP/MTN) of Malaysian DFZ Capital Berhad (KUL:DFZ).
Simultaneously, the agency reiterated the long-term A2 rating on the company's MYR 60 million MTN facility.
The long-term ratings carry a "stable" outlook.
DFZ is active in duty-free goods trade, non-dutiable merchandise and properties and hospitality.
DFZ's ratings are supported by its leading position in the Malaysian duty-free market, which allows the group to benefit from economies of scale and ...