KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its ratings DRB-Hicom Bhd
’s two Sukuk programmes but lowered the outlook to stable from positive due to challenging outlook for the domestic automotive industry.
The rating corporation said on Friday it had affirmed its A+IS and A-IS on the group’s up to RM3.5bil sukuk and perpetual sukuk Musharakah Programme of up to RM2bil.
“The affirmed senior sukuk rating is underpinned by our view that DRB-Hicom is better placed to withstand the impact from the Covid-19 pandemic on its fairly diverse business segments, ” it said.
...