KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415mil Asean green medium-term notes facility (MTN facility).
MARC said on Wednesday the rating outlook was revised to negative from stable. The current outstanding under the rated facility is RM365mil.
“The outlook revision reflects MARC’s concern that the sharp decline in passenger traffic volume at Kuala Lumpur International Airport 2 (klia2) due to the Covid-19 pandemic would impact the business and financial performance of Segi Astana’s gateway@klia2 mall, ” it said.
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