“The group expects to use the proceeds for refinancing its existing facility. We believe this would improve the company’s debt maturity profile and support our liquidity assessment,” the rating agency said.
“The rating on MISC reflects the company’s stable cash flows from LNG gas transport and non-shipping businesses. It also reflects strong support from the company’s 62.7% owner Petronas.”
According to S&P’s own definitions for its ratings an obligation rated ‘BBB’ exhibits adequate protection parameters.
“However,
