| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MISC Bhd. > News item |
S&P upgrades MISC
S&P said it raised the long-term corporate credit rating on MISC Bhd. to BBB+ from BBB.
The agency also said it affirmed the company’s axA+ long-term Asean regional scale rating.
S&P also said it raised the senior unsecured long-term ratings on MISC's bank loans to BBB+ from BBB.
The outlook is stable.
The upgrades reflect an expectation that MISC will maintain solid cash flow adequacy through 2018 because of steady cash flows, moderate capital spending and prudent financial policies, S&P said.
The agency said it anticipates that the company's ratio of debt-to-EBITDA will stay below 2.5x through 2018.
MISC's performance in the first half of 2016 was solid, S&P added, and better than expected with cash flows remaining resilient amid difficult market conditions.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.