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Article: RAM Ratings affirms Berjaya Infrastructure's AA3 debt rating.
- Article from:
- ADP Debt News
- Article date:
- September 11, 2009
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(ADPnews) - Sep 11, 2009 - RAM Ratings confirmed today its AA3 rating on the MYR 400 million (USD 114.5m/EUR 78.5m) medium-term note (MTN) programme of Malaysian company Berjaya Infrastructure Sdn Bhd (BISB).
The rating carries a "stable" outlook.
To date, BISB has only issued MYR 95 million under the MTN Programme.
BISB is the investment-holding company of water-treatment concessionaires Metropolitan Utilities Corporation Sdn Bhd (MUC) and Air Utara Indah Sdn Bhd (AUI) in Perak and Kedah, respectively.
It is also involved in a concession to treat and supply water in Ubud, Bali.
With an extensive track record of close to two ...